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 JAM as planned. The survey address is Zig Zag Building 70 Victoria Street London SW1E 6SQ UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address. The building is very close to the Westminster Abbey and is surrounded by office buildings and shopping malls. It is closed on weekends. The office buildings are very high, all with large glass windows. It can be seen through the glass that there is an access control inside. It is very spacious, and there is a security guard on duty. The survey personnel cannot find any information about the foreign exchange dealer JAM near the destination.

Conclusion

The investigators went to visit the foreign exchange dealer JAM in London, England as planned. They did not find the dealer’s office on its 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.