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 visited the dealer HotForex in London, UK, with the specific address at Bloomsbury Building 10 Bloomsbury Way Holborn London WC1A 2SL UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey, an office building located in 10 Bloomsbury Way, London, UK. In detail, the building is located at the interface of two streets, sandwiched between two office streets.

Arriving at the building, the team failed to see the logo or any other information of the dealer HotForex. Further, they peeked through the glass door and found it dark and empty inside.

Conclusion

The survey team went to London, UK, to visit the the dealer HotForex and found no office at its regulatory address. In other words, the given business address might be fake. Please be prudent when trading with this broker.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.