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 ABS as planned. The survey address is 16 ST. Clare STreeT London EC3N 1LQ UNITED KINGDOM.

The survey personnel came to the destination of the current survey based on the above address. The address is far from the central city of London. It is rather remote, and the building has a sense of age. There is an old-fashioned courtyard at the entrance and the environment is very quiet. Unfortunately, the investigators cannot find any information about the foreign exchange dealer ABS in the building. And this address has many foreign exchange dealers registered.

Conclusion

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