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 FIRMA as planned. The survey address is 11-12, Tokenhouse Yard London EC2R 7AS UNITED KINGDOM.

The survey personnel came to the destination of the survey according to the above address. This place is on an inconspicuous street with a small facade and a small building with 4 floors. You can see a staircase leading to the underground. The receptionists in there work on weekends. Unable to enter the building, the investigators fail to find the logo or other information of the foreign exchange dealer FIRMA.

Conclusion

The investigators went to visit the foreign exchange dealer FIRMA in London, England as planned. They did not find the dealer’s office on the publicly displayed address. The dealer might simply register the company at that address without real business premises. 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.