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 went to London, England to visit the foreign exchange dealer GCM Prime as planned. The survey address is New Broad Street House,35 New Broad Street,London EC2M 1NH UNITED KINGDOM.

The survey personnel came to the destination of the current survey based on the above address. The destination is very close to Liverpool Station. There are many shops and some office buildings around, which are very lively. The surrounding area of the gate is very clean, and there is a group of white buildings with consistent style. There are many separate tables inside the building, which are unlike the usual office decks and are similar to cafes. The space is open, and it is the famous local shared office. The survey personnel could not find any information about the foreign exchange dealer GCM Prime near the destination. It is worth noting that there are already multiple dealers registered at this address.

Conclusion

The investigators went to London, UK to visit the foreign exchange dealer GCM Prime as planned. They did not find the dealer’s office on the publicly displayed address, and the dealer simply registered the company at that address without real business premises. Investors are requested to choose the dealer carefully.

Disclaimer

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