Survey Background

There are many calls from investors asking for more disclosure of UK brokers whose real office address were not in accordance with the address that regulation agency released. Based on the feedback from the investors, the investigation team plans to visit BSI in UK on spot.

Building Survey

According to the regulation information, the company address of BSI in UK is 39 King Street ec2v 8dq London United Kingdom.The investigation staff visited the spot.

In order to complete the field investigation, the investigation staff walked from one side of King Street to the other side.The investigation staff didn’t find the office building No. 39 , but found the Sadrat Bank near the street.

Conclusion 

Through this on-the-spot investigation by the survey team we concluded that BSI’s office in UK does NOT exist.We learned that their Advisory License issued by FCA(License No.472164) was overrunning forex activity. In addition, this license(License No.472164) showed abnormal status as “No longer authorized ” on FCA website.