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 SGM-FX in London, UK, with the specific address at 41 Eastcheap London EC3M 1DT UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey, an office building located at 41 Eastcheap, London, UK. The building is located in the center of city, which is very prosperous with convenient transportation.

Outside the building, the team failed to find the logo or other information of the dealer SGM-FX. Since the surveyors were unable to enter the building, they had to end the survey trip.

Conclusion

The survey team went to London, UK, to visit the the dealer SGM-FX and found no office at its regulatory 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.