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. In order to help investors or practitioners have a more comprehensive understanding of foreign exchange dealers in UK, the survey team is going to the country for on-site visits.

On-site visit

This time the survey team went to London, UK to visit the foreign exchange dealer NYFX as planned. The survey address is 21 ArlinGTon STreeT London SW1A 1RN UNITED KINGDOM.

The survey personnel came to the destination of the current survey according to the above address. The building is located on Arlington Street, London, near a developed business district. The street is busy, and there are some of the most iconic buildings in the UK nearby, and it is also one of the most popular places for travel and photography in London. The building is a six-storey office building with each company occupying each floor. The doorbell at the gate has a water sign of various companies.

The investigators did not find the trader’s name on the water sign. After verification by the front desk, it was determined that NYFX does not exist in the building now, and no information about the dealer has been found in the historical entry data. As a result, the survey staff confirmed that the dealer does not have an office here.

Conclusion

The investigators went to London, UK to visit the foreign exchange dealer NYFX as planned, but did not find the dealer's office at its publicly displayed business address. The dealer may have just registered a company at this address without a real business venue. Please choose this dealer carefully.

Disclaimer

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