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 FRX in London, UK, with the specific address at Second Floor Berkeley Square House London W1J 6BD UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey. Although it was located in the center of London, the site was in a factory area full of warehouses and trucks. Also, there was no obvious road signs or directories. Looking around, the surveyors failed to find any evidence that the dealer’s office was in this area. Further, they did not find any information about the dealer FRX near the destination. It was worth noting that there were already several dealers registered at this address.

Conclusion

The survey team went to London, UK, to visit the the dealer FRX 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.