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 GWFX as planned. The survey address is New Broad Street House 35 New Broad Street London EC2M 1NH UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address. It is very close to Liverpool Station, surrounded by many shops and some office buildings. The surrounding area of the gate looks very clean, and it is a cluster of white buildings with consistent style. The interior is also very impressive, where there are many separate tables, unlike the usual office decks. It looks like a cafe, the space inside is also very large, and it may be very comfortable to work here. Unfortunately, the investigators cannot find the logo or other information of the foreign exchange dealer GWFX here.

Conclusion

The investigators visited the foreign exchange dealer GWFX in London 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.