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 ALPHA in London, UK, with the specific address at 1sT Floor BroadGaTe Tower 20 PriMrose STreeT London EC2A 2EW UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey, which was  opposite the subway station with convenient transportation. It was a professional office building that looked quite modern with a garden in front of the door. There was a reception desk and several elevators in the lobby. Also, there were many staff working there. However, the surveyors could not find the logo or other information of the dealer ALPHA. It was learned that several foreign exchange dealers registered the same address in the building. 

Conclusion

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