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 visited the dealer QhonFX in London, UK, with the specific address at 11Th Floor 30 Crown Place London EC2A 4EB UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey, an office building located at 30 Crown Place, London, UK. Since the building is not located in a professional office block, the surrounding of that is not very prosperous. Outside the building, the surveyors failed to find the logo or any other information of QhonFX, the foreign exchange dealer. 

The surveyors entered the building and found that the lobby of building was like a restaurant. The light was very dark and no one went in or out. They found no directory in the lobby. Further, they could not find the logo or other information of QHONFX.  

Conclusion

The survey team went to London, UK, to visit the the dealer QhonFX and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.