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 visited the dealer CMCMarkets in London, UK, with the specific address at 133 HoundsdiTch London EC3A 7BX UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey. The outside of building looked quite ordinary. However, the surrounding environment was dirty and messy. Move to the first floor, there was a special lounge area with bright lights, similar to the lobby of a star hotel. The door number was so large and eye-catching that was easy to find. In the end, the surveyors were failed to find the logo or other information of the dealer CMCMarkets.

Conclusion

The survey team went to London, UK, to visit the the dealer CMCMarkets and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.

Disclaimer

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