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 GMO as planned. The survey address is 8 Devonshire Square London EC2M 4PL UNITED KINGDOM.

The survey personnel came to the destination of this survey based on the above address. It is an office building at 8 Devonshire Square in London, UK. It is an old building with a sense of history, and it is not in a busy and prosperous commercial district.

The survey personnel found the location of Building No. 8 according to the guide board. Building No. 8 was in the innermost corner of the park. No logo of GMO or other information was found outside the building. Unfortunately, the investigators did not find the entrance to the building and were unable to enter the building to visit.

Conclusion

The investigators went to London to visit the foreign exchange dealer GMO as planned. They did not find the dealer’s office on its regulatory address. The dealer may not have a real business premises. 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.