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 to visit the foreign exchange dealer Millennium as planned. The survey address is Cleveland House 33 King Street London SW1Y 6RJ UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which is located in an office building on 33 King Street in London, UK. The building is next to St. James's Square and is very close to Buckingham Palace. It looks magnificent in appearance.

The survey personnel came to the entrance of the building and found no logo or other information of the foreign exchange dealer Millennium. The gate being closed, the survey personnel had no option but to end the survey trip.

Conclusion

The investigators went to London, UK to visit the foreign exchange dealer Millennium 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 the dealer carefully.

Disclaimer

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