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

In this period, the survey team went to London, England to visit the foreign exchange dealer TCC as planned. The survey address is 15 BishopsGaTe London EC2N 3AR UNITED KINGDOM.

The survey personnel came to the destination of the current survey based on the above address. The building has a large “wework” sign and house number, which is fairly easy to find. The surrounding environment is average, all in small alleys. The internal environment is standard “wework” shared office decoration. There is a small front desk, and an access card is required to go upstairs. Unluckily, the investigators cannot find the logo or other information of the foreign exchange dealer TCC here.

Conclusion

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