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 Velocity Trade in London, UK, with the specific address at 2nd Floor, Queens House 8-9 Queen STreeT London EC4N 1SP UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey. It was not easy to find the building since the door number was not obvious. It was a typical shared office in a small scale. After ringing the door bell, there was no one came to respond. Although the team could not enter the office for visit , they confirmed that the office of dealer did exist.

Conclusion

The survey team went to London, UK, to visit the the dealer Velocity Trade and found the logo of dealer on the exhibition address, which indicated that the office of Velocity Trade did exist. However, the team was unable to enter the dealer's office so that the office scale and operation condition of which remained unknown. 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.