Reason for this visit

The UK forex market ranks among the world‘s largest and is the biggest in Europe. Oversight of this market primarily falls to the Financial Conduct Authority (FCA), which regulates financial services firms and markets to ensure fairness, transparency, and stability. Globally recognized as a highly credible regulator, the FCA maintains stringent standards. Despite Brexit’s economic impact, the UK forex market remains optimistic. As one of the world‘s top forex trading hubs, coupled with the FCA’s rigorous supervision, the UK continues to attract investors and institutions, boosting market liquidity and growth. Many forex brokers pride themselves on securing FCA authorization and seek to expand operations in this jurisdiction. To help investors and professionals better understand UK forex brokers, WikiFX survey team conducted on-site visits across the country, verifying operational authenticity and compliance.

On-site visit

In this issue, the survey team went to London in the UK to visit forex broker East Atlantic as planned according to its regulatory address that 15 St Helens Pl, City of London, London EC3A 6DG, UK.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the forex broker East Atlantic at 15 St Helens Place in City of London, UK.

The field investigators successfully located the registered address at “15 St Helens Place”. However, the area was marked as an exclusive private zone. When attempting to enter the building premises, they were immediately intercepted by on-site security personnel. The security staff made it unequivocally clear that unauthorized access was strictly prohibited.

After explaining the purpose of the visit to East Atlantic, the investigators were not permitted to move freely but were escorted to the buildings front desk. After checking records, the receptionist definitively confirmed that no company related to East Atlantic exists at the address. Meanwhile, the staff clearly stated that that the office was “no longer leased,” implying that even if a tenant had previously occupied the space, they had since vacated, and no such entity currently resided there.

Through the on-site investigation, it is confirmed that the broker does not maintain a physical presence at the above address.

Conclusion

The survey team went to London in the UK to visit forex broker East Atlantic as scheduled but did not find the company at its regulatory address. It denotes that the broker does not have a physical office or it just utilizes the address solely for registration purposes. Accordingly, investors should be meticulous in selecting the broker.

Disclaimer

The content is for informational purposes only and shall not be taken as a final order for making a choice.