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 to visit the foreign exchange dealer Central FX as planned. The survey address is 1st Floor 51 Eastcheap London EC3M 1JP UNITED KINGDOM.

The survey personnel came to the destination of the current survey based on the above address, which is the well-known shared office WEWORK in the United States. The door on the first floor looks like a coffee shop and the windows of the glass are all brown. The front desk space inside is very small, and there are people working at the front desk. However, the survey personnel could not find the logo or other information of the foreign exchange dealer Central FX.

Conclusion

The investigators went to London to visit the foreign exchange dealer Central FX as planned. They did not find the dealer’s office on its publicly displayed address, and the dealer simply registered the company at that address without 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.