Reason for this visit

In the retail forex market, there are a good number of regulated dealers in UK. Sometimes, it happens to one regulatory address registered with multiple brokers. In order to provide investors with more comprehensive information, the survey team this time visited FxShengDe, a broker based in London, UK.

Regulatory information

According to the regulatory information, the broker FxShengDe has the STP license issued by FCA and located at Mappin House 4 Winsley Street London W1W 8HF UNITED KINGDOM.

On-site visit

The survey team followed the address on the regulatory information to Mappin House, an office building at 4 Winsley Street, London, UK. The building is located in a relatively quiet alleyway with old-fashioned style. 

Outside the building, the survey team didn’t find the logo of FxShengDe. Entering the building, it was found four out of five floors were for rent now. Due to the COVID-19, many companies had been moved away. The team later found a elderly man at reception desk, who looked like a security guard. With a short conversation, it was learned that there was no office of FxShengDe in the building. 

Conclusion

The survey team confirmed after the on-the-spot visit that there is no office of FxShengDe at the address mentioned in the regulatory information. That regulatory address is found registered with multiple brokers, and none of them are existed. 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.