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 VertoFX as planned. The survey address is 1 Fore ST London EC2Y 9DT 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 1 Fore ST in London, England. It is a modern building with a magnificent appearance.

The investigators entered the building and found that there were two areas on the first floor. One side had an entrance leading to the upper floor, and the other side had a door leading to the shared office area. No sign was found in the lobby, and the specific office floor of the foreign exchange dealer VertoFX could not be found, either. In the end, the survey trip had to be ended.

Conclusion

The investigators went to London to visit the foreign exchange dealer VertoFX as planned. They did not find the dealer's office on its regulatory address. This is a situation of untrue regulation. 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.