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, UK to visit the foreign exchange dealer PanBay as planned. The survey address is 68 LoMbard STreeT London EC3V 9LJ UNITED KINGDOM.

The survey personnel came to the destination of the current survey based on the above address, which is an office building located at 68 LoMbard STreeT, London, UK. The building is located in the center of London and is a very beautiful European-style building. The survey personnel didn’t find the logo or other information of the foreign exchange dealer PanBay outside the building. Unable to visit inside, they had no choice but to leave.

Conclusion

The investigators went to visit the foreign exchange dealer PanBay in London as planned. They did not find the dealer’s office on the publicly displayed address. The dealer might just register the company at this address. Investors are advised to choose this dealer carefully. 

Disclaimer

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