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 Rudolf as planned. The survey address is 50 Brook Street London W1K 5DS UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address - an office building located at 50 Brook Street, London, England. The building is not in a downtown area and is not very prosperous.

The survey personnel approached the building and found no logo or other information of the foreign exchange dealer Rudolf. Unable to enter the building, the survey personnel had no choice but to end the survey trip.

Conclusion

The investigators went to London to visit the foreign exchange dealer Rudolf as planned. They did not find the dealer’s office on its regulatory address. This is a situation of false regulation. Investors are advised to choose the dealer carefully.

Disclaimer

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