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, UK to visit Wanjinhuiheyue, a foreign exchange dealer. The survey address is 30 City Road 4th Floor London EC1Y 2AY UNITED KINGDOM.

The team came to the office building based on the above address at 30 City Road. The building was located in a bustling block, but there were no signs outside it. The team did not find the logo or other information of Wanjinhuiheyue. 

The team came into the building in order to ensure the actual office of Wanjinhuiheyue. Unfortunately, they did not find Wanjinhuiheyue’s logo on the signage and had to end this visit.

Conclusion

The survey team went to London, UK, to visit the the dealer Wanjinhuiheyue and found no office at the publicly displayed business address, which means the given business address might be fake. Investors are advised to choose this dealer carefully.

 Disclaimer

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