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 Broctagon as planned. The survey address is 4Th Floor 80 ColeMan ST London EC2R 5BJ UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which is located in an office building at 80 ColeMan ST in London, England. It is an old-fashioned building with a dilapidated appearance.

The investigators approached the building and found that the gate was facing an office building across the square, and the stairs from the first floor to the second floor could be seen across the door. The investigators did not find the building’s sign, and they could not find the logo or other information of the foreign exchange dealer Broctagon, either. Unable to enter the building, the investigators had no choice but to end the survey trip.

Conclusion

The investigators went to London, UK to visit the foreign exchange dealer UIIC as planned. They did not find the dealer’s office on the publicly displayed address. The dealer might simply register the company at that address and did not have a real business place. Investors are advised to choose the dealer carefully.

Disclaimer

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