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 LMAX as planned. The survey address is Kemp House 152-160 City Road London EC1V 2NX UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which is located in an office building at 160 City Road, London, England. The appearance of the building has a sense of age, not very large, and it is not in a commercial area.

There is a hospital next to the building. The investigators noticed the medical staff enter through the gate. However, whether the address is part of the hospital or another independent one remains unknown. The investigators did not find the logo or name of the foreign exchange dealer LMAX or other information.

Conclusion

The investigators went to visit the foreign exchange dealer LMAX in London, UK, but failed to find the dealer’s office on its regulatory address. This is a situation of untrue regulation. 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.