Reason for this visit

According to the Reuters, the United Kingdom has expanded its leading position in the field of global FX trading in the years since it voted to leave the European Union. In addition, the British retail foreign exchange market has one of the world's three most stringent regulatory bodies, that is the Financial Conduct Authority (FCA). Many FX dealers take obtaining FCA regulation for pride, and also hope to enter the country to develop market business. To help investors or practitioners have a more comprehensive understanding of the dealers in that country, the survey team is going to UK for site visits.

On-site visit

This time the survey team visited the dealer OCMFX in London, UK, with the specific address at 8-10 Grosvenor Gardens London SW1W 0DH UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey, an office building at 8 Grosvenor Gardens, London, UK. The building is west of Buckingham Palace, and about 15 minutes to the north is Hyde Park subway station, with convenient transportation.

When the team came to the front of the building, they could see the whole building under renovation from a distance. Further, they were unable to see the inside situation at all.

Conclusion

The survey team went to London, UK, to visit the the dealer OCMFX and found the office building at the regulatory address was under renovation. Also, there was no office at that address. It was supposed that the dealer just used that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.