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 the foreign exchange dealer WTMFX as planned. The survey address is 9 BenTinck STreeT London W1U 2EL UNITED KINGDOM.

The survey personnel came to the destination of this survey, which is an office building located at 9 BenTinck STreeT in London, UK. It is a retro British building, and the surroundings look like residential buildings.

The survey personnel did not find the logo of the foreign exchange dealer WTMFX at the doorbell outside the building. Unable to go inside, the survey personnel had no choice but to end the survey trip.

Conclusion

The investigators went to London, UK to visit the foreign exchange dealer WTMFX as planned. They did not find the dealer’s office on the publicly displayed address. The dealer might simply register the company at this address and might not have a real business place. Investors are advised to choose the dealer carefully.

Disclaimer

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