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 Teathers as planned. The survey address is BeauForT House 15 ST. BoTolph STreeT London EC3A 7BB UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which is located in an office building named "BeauForT House" at 15 ST. BoTolph STreeT in London, England. The building is located in a professional office block with many tall buildings nearby, which is very prosperous.

The survey personnel did not find the logo or other information of the foreign exchange dealer Teathers outside the building. Unable to go inside, the survey personnel had no choice but to end the survey trip.

Conclusion

The investigators went to London to visit the foreign exchange dealer Teathers as planned. They did not find the dealer’s office on its regulatory address. This is a situation of untrue regulation. 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.