Inspection Reason

The inspection team continues its journey of field surveys as part of the efforts to verify the authenticity in the forex trading industry. In this session, The inspection team goes to Abshire-Smith in UK. 

Office

According to regulatory information, Abshire-Smith’s office in UK is 20 Ropemarker Street, London. The inspection team paid a field survey to this site. 

The inspection team went to Ropemarker Street and found the target building with Number 20. Even standing at a distance, noisy sounds of electric drills could be heard coming from the building. The surveyors learned from the building workers that the whole building was being renovated, so no companies were operating here.  

Conclusion

A field investigation did not find Abshire-Smith’s UK office. The broker holds a full licence issued by FCA, but the possibility of the company getting that license by imitating/misappropriation can not be completely ruled out.Investors are advised to resort to their good judgement after consulting the said above.