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 LIVE FXTM as planned. The survey address is 5-6 Newbury Street London EC1A 7HUE C 1 A 7 H U UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which was located in a small alley. It looked like a tailor shop or a dry cleaner inside, and it was rather messy. Some people were at work and they would leave after six o'clock. There were also employees chatting at the door. It looked very bright inside when seen through the glass window, and the space didn’t seem to be very large, about 30 square meters. The survey personnel did not find any information about the foreign exchange dealer LIVE FXTM near the destination.

Conclusion

The investigators went to London, UK to visit the foreign exchange dealer LIVE FXTM as planned. They did not find the dealer’s office on the publicly displayed address, and the dealer simply registered the company at that address without real business premises. Investors are requested to choose the dealer carefully.

Disclaimer

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