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.
This time the survey team visited the dealer Fake CMC Markets in London, UK, with the specific address at 133 HoundsdiTch London EC3A 7BX UNITED KINGDOM.
According to the above address, the survey team came to the destination of this survey. The building looked very ordinary outside, and the surrounding environment was also a bit dirty. However, the lobby was bright, with a special guest reception and rest area, just like a star-rated hotel. The door number was large and eye-catching so that the surveyors could easily find it. Unfortunately, the surveyors could not find the logo or any other information of Fake CMC Markets, the foreign exchange dealer. Subsequently, the surveyors inquired with the security guard of building and learned that Fake CMC Markets did not have an office in the building.
The survey team went to London, UK, to visit the the dealer Fake CMC Markets and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.
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2-5 years | Suspicious Regulatory License | Counterfeit MT4/5 Software…
Fake CMC Markets
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