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 LCG in London, UK, with the specific address at 3rd Floor 80 Cheapside London EC2V 6EE UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey, an office building located in 80 Cheapside, London, UK. The building is located in a professional office block with many high-rise buildings nearby, which looks very prosperous.

To complete the survey, the team approached the building and found that the doors of building were closed, so they could not enter the building. Outside the building, the surveyors could not find the logo or other information of LCG, the foreign exchange dealer. 

Conclusion

The survey team went to London, UK, to visit the the dealer LCG and found no office at its regulation address. In other words, the given business address might be fake. 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.