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 MegaFX as planned. The survey address is Devon House 58 St. Katharines Way London E1W 1JP UNITED KINGDOM.

The survey personnel came to the destination of the current survey based on the above address. The address is not far from the Tower Bridge. It is near the dock. The exterior decoration is relatively old, but there is a front desk and access control inside, and the space is also large. However, the investigators could not find the logo or other information of the foreign exchange dealer MegaFX here. Furthermore, the investigators has learned that a number of foreign exchange dealers have registered the same address in the building. It might be a situation of clone.

Conclusion

The investigators went to visit the foreign exchange dealer MegaFX in London, England 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.