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 Monex Europe as planned. The survey address is 1 BarTholoMew Lane London EC2N 2AX UNITED KINGDOM.

The survey personnel came to the destination of the current survey based on the above address. The place is easy to find, just on the corner of the street behind the Bank of England. The whole building is quite tall, but the door is very short, so it feels like a basement or foundation. There is a lot of space inside, with partitions for pedestrian passages, and multiple elevators. There are several employees at the front desk, and many people come in and out. Due to the epidemic, the building was not open and visitors could not enter, so the survey personnel could not find the logo or other information of the foreign exchange dealer Monex Europe.

Conclusion

The investigators went to London to visit the foreign exchange dealer Monex Europe as planned. They did not find the dealer’s office on the publicly displayed address. The dealer simply registered the company at this 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.