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 Tullett Prebon as planned. The survey address is 3rd Floor, Kings House 8-10 HayMarkeT London SW1Y 4BP 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 Kings House 8-10, London, England. The building is located in the center of London. Its appearance looks very majestic and the neighborhood is very prosperous.

In order to confirm whether the foreign exchange dealer Tullett Prebon is working here, the survey personnel approached the building and found that the dealer’s name was not on the building sign. Moreover, the survey personnel could not go upstairs to visit, so they had to end the survey trip.

Conclusion

The investigators went to London to visit the foreign exchange dealer Tullett Prebon 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 this dealer carefully.

Disclaimer

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