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 MultibankFX as planned. The survey address is Fountain House 130 Fenchurch Street London EC3M 5DJ UNITED KINGDOM.

The survey personnel came to the survey destination based on the above address, which is located in a building at 130 Fenchurch Street, London, England. The building is a commercial and residential building in a remote corner.

The survey personnel couldn’t enter the building due to access control. There is no logo or other information of the foreign exchange dealer MultibankFX found near the building.

Conclusion

The investigators went to London, UK, to visit the foreign exchange dealer MultibankFX as planned. However, they did not find the dealer’s office on the publicly displayed address. The dealer may just borrow the address to register the company without 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.