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 IceCity in London, UK, with the specific address at 3rd Floor 7 Birchin Lane London EC3V 9BW UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey, an office building located at 7 Birchin Lane, London, UK. Located in the center of London, the building is surrounded by the old architectures in typical English style. Further, the building is in a small alley, so it is not easy to find.

The surveyors successfully found 7 Birchin Lane, the alley where it was located was very quiet.  It was learned that the companies working here were either particularly rich or very small companies. There was no directory at the entrance of the building. Also, the surveyors failed to find the logo or other information of IceCity, a foreign exchange dealer. In other word, they could not confirm whether the dealer was working here. Since the surveyors could not enter the building, they had to end the survey trip.

Conclusion

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