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, UK to visit the foreign exchange dealer Myfx Markets as planned. The survey address is 71-75 ShelTon STreeT London WC2H 9JQ UNITED KINGDOM.

The survey personnel came to the destination of the survey according to the above address. The building is located in the center of London and is not on the main street, but the environment is beautiful and the block is neat and clean. It is a classic European-style building. The building is a shared office and requires a swipe card to enter, so it’s impossible to go in. The investigators cannot find any information about the foreign exchange dealer Myfx Markets near the building.

Conclusion

The investigators went to London, UK to visit the foreign exchange dealer Myfx Markets 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.