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 MagKing in London, UK, with the specific address at 75 King William Street London EC4N 7BE UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey. The building was located in the center of London.And, it was on the main street where there was a bus station nearby. It was a busy area with a large number of people. The interior looked very clean through the glass window, but it was not allowed in because of the COVID-19. In the end, the surveyors failed to find any information about the dealer MagKing near ths destination.

Conclusion

The survey team went to London, UK, to visit the the dealer MagKing and found no office at its business address. It was supposed that the dealer might just use 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.