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 BP Prime as planned. The survey address is 62 Great Eastern Street London EC2A 3QR UNITED KINGDOM.

The survey personnel came to the destination of the current survey based on the above address. The destination is not far from the subway station and the traffic is relatively convenient. It is an old block. There are coffee shops and bars around. Through the glass windows, the investigators can see that there is an office inside. The decoration is simple. There is no dealer LOGO on the door. The investigators could not find any information about the dealer BP Prime near the destination, and the address here is registered by multiple foreign exchange dealers.

Conclusion

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