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 ED&F Man in London, UK, with the specific address at The News BuildinG 3 London BridGe STreeT London SE1 9SG UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey. The address provided by the dealer was different from the actual address. And the door number of that was particularly small and printed on the transparent glass. Across the road was the famous Shard Building in London. The building of the destination was very similar to the Shard Building in appearance but with a considerable gap inside. The lobby was small, with a front desk and access control, a very ordinary office building. In the end, the surveyors did not find any information about the dealer ED&F Man near the destination.

Conclusion

The survey team went to London, UK, to visit the the dealer ED&F Man 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.