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, UK, to visit the foreign exchange dealer Primus Capital as planned. The survey address is 6th Floor-116 8 Devonshire Square London EC2M 4YD UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address. It is located in an office building at 8 Devonshire Square in London. The building is an old building with a sense of history. It is not in a prosperous commercial district.

The investigators approached the building and found the logo of the shared office "WEWORK". Afterwards, the investigators searched around there, but found no logo or other information about the foreign exchange dealer Primus Capital.

Conclusion

The investigators went to London, UK to visit the foreign exchange dealer Primus Capital as planned. They did not find the dealer’s office at its regulatory address. The dealer may only borrow this address to register the company without a real business premises. 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.