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 APFX as planned. The survey address is 24 Hill Road Theydon Bois London CM16 7LX UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which is a suburban residential area. The surrounding area is full of two-story small buildings. There is nothing except residential buildings. The actual address is slightly different from the address displayed by the dealer, and the overall environment does not resemble an office. The investigators cannot find any information about the foreign exchange dealer APFX around.

Conclusion

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