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, England to visit the foreign exchange dealer Alchemy Markets as planned. The survey address is 133 HoundsdiTch London EC3A 7BX UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address. There were no high-rise buildings there, but a very ordinary street corner. Based on the location shown on the map, a two-story building with closed doors could be seen. Because of COVID-19, there were no people around, and most of the shops were closed. The survey personnel could not find the logo or other information of the foreign exchange dealer Alchemy Markets.

Conclusion

The investigators went to visit the foreign exchange dealer Alchemy Markets in London as planned. They did not find the dealer’s office on the publicly displayed address, and the dealer simply registered the company at this address without real business place. 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.