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 QIB as planned. The survey address is 43 Grosvenor Street London W1K 3HL UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which is an office building located at 43 Grosvenor Street in London, England. The building is not far from Buckingham Palace and is very prosperous. It is an old brick-red building.

In order to complete the survey task, the survey personnel approached the building and found that the building’s door was closed and could not enter the building to visit. Outside the building, the survey personnel did not find the foreign exchange dealer QIB’s logo or other information.

Conclusion

The investigators went to London to visit the foreign exchange dealer QIB as planned. They did not find the dealer’s office on the regulatory address. This is a situation of untrue regulation. 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.