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 visited the dealer Avalo in London, UK, with the specific address at 4Th Floor 130 Wood STreeT London EC2V 6DL UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey, an office building located at 130 Wood STreeT, London, UK. Next to a park, the building is located in a professional office block, with many high-rise buildings nearby, which looks very prosperous.

When the surveyors approached the building, they did not find the directory of it. Also, they failed to find the logo or any other information of Avalon, the foreign exchange dealer. Since the surveyors were unable to enter the building, they had to end the survey trip.

Conclusion

The survey team went to London, UK, to visit the the dealer Avalon and found no office at its exhibition address. It was supposed that the dealer just used that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.

Disclaimer

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