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

In this period, the survey team went to London, England to visit the foreign exchange dealer Alfa Capital as planned. The survey address was Salisbury House London Wall London EC2M 5QQ UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address. The building is on the side of the road and the location is relatively prosperous. The address provided by the dealer is incorrect. The real postal code is EC2N 5QQ rather than EC2M 5QQ. There are shops such as boots and convenience stores on both sides of the building, and the design of the lobby inside the building looks quite depressing. The investigators cannot find any information about the foreign exchange dealer Alfa Capital near the destination.

Conclusion

The investigators went to London, UK to visit the foreign exchange dealer Alfa Capital 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.