Purpose

The UK foreign exchange market is a globally important international forex market that has gradually formed over a long historical development process. It is characterized by a huge trading scale, numerous market participants, a wide variety of trading products, and well-developed financial infrastructure. It holds a core position in global forex trading, and many forex dealers conduct business here. To help investors or practitioners gain a more comprehensive understanding of forex dealers in this region, the site inspection team went to the UK for an on-the-ground visit.

Process

This time, the fact-finding team went to the UK to conduct an on-site visit to forex broker Sharespocket as planned. According to public information, its office address is Birmingham B5 7QX, United Kingdom.

A professional and experienced onsite verification team, with a sense of mission to strictly vet for investors, went to the UK according to a well-planned schedule. They conducted an on-site inspection of the broker Sharespocket claiming to be located at Birmingham B5 7QX, United Kingdom.

The verification personnel arrived smoothly at the area of the target address. The business atmosphere around the location was average. No signage or relevant information of the company was found outside the building.

The verification personnel entered the lobby of the building and stated their purpose to the security guard. After communication, they obtained permission to enter.

However, no company directory listing or company logo was found inside the building. Since the specific floor and location of the company could not be confirmed, the verification personnel were unable to reach the specific floor to confirm the exact location, and naturally could not enter the company's interior. At the same time, they could not take photos of the reception desk or its logo. The office was not a shared office.

Upon arrival, the verification personnel confirmed that the address was correct, but found no information about the broker. After inquiring with the security guard, they were told that the company did not exist. The overall situation did not match the broker's claimed location, and they concluded that the broker's address was false.

Therefore, after the onsite verification, it was confirmed that the broker Sharespocket does not exist at the above address.

Conclusion

The survey personnel went to the UK as planned to visit forex broker Sharespocket in person. At its publicly displayed business address, they could not see the company name or other information of the broker, indicating that the broker does not have a real business premise. Please consider comprehensively and make a decision.

Disclaimer

The above content and views are for reference only and do not constitute the basis for final decision.