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 STC Trade as planned. The survey address is 76 Cannon Street 3rd Floor London EC4N 6AE UNITED KINGDOM.

The survey personnel came to the destination of the current survey based on the above address. It is quite lively at the destination location, with a lot of traffic and many people around. The house number is very eye-catching. There is a reception desk on the first floor, and the decoration style is quite avant-garde and fashionable. There is no one inside, and no dealer is found at the doorbell. The survey personnel cannot find any information about the foreign exchange dealer STC Trade near the destination.

Conclusion

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