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 Ayondo as planned. The survey address is 2nd Floor, Canvas 35 Luke Street London EC2A 4LH UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which is an office building located at 25 Luke Street, London, England. The address on the regulatory information is No. 35, but the survey personnel only found No. 25. The building is not located in a professional office block and it is not quite busy and prosperous nearby.

The survey personnel approached the building and found no logo or other information about the foreign exchange dealer Ayondo. Unable to enter the building, the survey personnel had no choice but to end the survey trip.

Conclusion

The investigators went to London to visit the foreign exchange dealer Ayondo 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.