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 TempleFX as planned. The survey address is 130 Fenchurch Street London EC3M 5DJ UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address. The building is located on Fenchurch Street, a bustling street in the City of London. It is a famous avenue in the City of London and is home to many corporate offices and headquarters. There are luxurious skyscrapers all around, whereas the building of the destination is a bit shabby from the outside, and there is no lobby and reception desk inside. The survey personnel could not find the logo or other information of the foreign exchange dealer TempleFX.

Conclusion

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