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 United Trust Bank as planned. The survey address is One Ropemaker Street London EC2Y 9AW UNITED KINGDOM.

The survey personnel came to the destination of the survey according to the above address. It is the next station from the Bank of England to the north of the subway, and you can see it after a five-minute walk north from the subway station. The house number is very conspicuous, and it is a shared office. The first floor is bright and tidy, and there are people on duty. Unfortunately, the investigators cannot find the logo or other information of the foreign exchange dealer United Trust Bank here.

Conclusion

The investigators went to visit the foreign exchange dealer United Trust Bank in London, England as planned. They did not find the dealer’s office on the publicly displayed address, and the dealer simply registered the company at that address without real business premises. Investors are requested to choose the dealer carefully.

Disclaimer

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