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 sova capital as planned. The survey address is 13 AusTin FriarsLondonEC2N 2HEUNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address. The architectural style of this place is very unique, with a sense of modern industrial style. The house number on the top of the building has also been specially designed, and the inside is transparent and bright. There are front desk staff working, and the surrounding traffic is inconvenient. You have to cross a bridge to reach it. Unfortunately, the survey personnel cannot find the logo or other information of the foreign exchange dealer sova capital here.

Conclusion

The investigators went to visit the foreign exchange dealer sova capital in London as planned. They did not find the dealer’s office on the publicly displayed address. The dealer simply registered the company at this address and did not have a real business place. Investors are advised to choose the dealer carefully.

Disclaimer

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