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 MRFX in London, UK, with the specific address at Princes Court 7 Princes Street London EC2R 8AQ UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey, an office building located at 7 Princes Street, London, UK. The building is located in the "Bank Street" in central London, which is very prosperous. It is also near the subway station with the convenient transportation.

Outside the building, the team found the gate closed. Also, they failed to find the logo or name of MRFX. 

 Conclusion

The survey team went to London, UK, to visit the the dealer MRFX and found no office at its regulatory 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.