Reason for this visit

The UK foreign exchange market is one of the largest foreign exchange markets globally and the largest in Europe. The regulatory oversight of the UK foreign exchange market is primarily handled by the Financial Conduct Authority (FCA) of the United Kingdom. The FCA is responsible for regulating financial services companies and financial markets, ensuring fairness, transparency, and stability in the market. It is widely recognized as a highly reputable regulatory authority worldwide. Despite the impact of Brexit on the economy, the outlook for the UK foreign exchange market remains optimistic. With the strict regulation of the financial market by the FCA, the UK is one of the largest forex trading centers globally, attracting more investors and institutions to participate in the UK forex market and promoting market activities and development. Many forex brokers take pride in obtaining FCA’s regulatory license in the hope of entering the country to expand their market presence. In an attempt to help investors or practitioners have a more comprehensive understanding of foreign exchange brokers in the UK, WikiFX survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to London in the UK to visit forex broker AT Global Markets as planned according to its regulatory address that 32 Cornhill London EC3V 3SG United Kingdom.

On December 15, 2023, the investigators came to 32 Cornhill in Central London, the UK for a visit to the broker’s office, and located a modern commercial building at the bustling street in a developed commercial district.

Upon access to the building for further investigation, the survey personnel managed to know that the building wasn’t open to the public without a reception area. Thus, people weren’t allowed to enter without an appointment. But there was a directory in the lobby, which displayed prominently the company name and logo of broker ATFX, instead of AT Global Markets.

Through the on-site investigation, it is confirmed that AT Global Markets doesn’t have a physical presence at the place.

Conclusion

The survey team went to London in the UK to visit forex broker AT Global Markets as scheduled, but didn’t find the company at its regulatory address. This indicates that the broker may just register at the location without a physical business office. Therefore, investors are advised to choose the broker cautiously.

Disclaimer

The content is for informational purpose only, and shall not be taken as a final order for making a choice.