Purpose

The UK foreign exchange market is a long-established and highly developed international forex market, occupying a significant position in global forex trading. It boasts a mature financial system and comprehensive regulatory mechanisms. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the inspection team visited the UK for an on-site investigation.

Process

The survey team plans to visit the forex broker FXTRADEMARKET in the UK. According to public information, its office address is Fitz - James Ave, Hammersmith, London, W14 0RP, United Kingdom.

A professional and experienced site visit team, with a sense of mission to strictly check for investors, followed a thorough plan and went to the UK. They conducted an on-site verification of the broker FXTRADEMARKET, which claims to be located at Fitz - James Ave, Hammersmith, London, W14 0RP, United Kingdom.

The site visit personnel arrived at the target area. The surrounding environment was relatively quiet, with a moderate commercial atmosphere. No company signage or related information of FXTRADEMARKET was found outside the building.

The site visit personnel entered the building lobby and stated their purpose to the security guard. After communication, they were not granted entry permission.

However, no company directory listing or logo of FXTRADEMARKET was found inside the building. Since the specific floor could not be determined, they were unable to reach the target floor to confirm the exact location, let alone enter the company. Additionally, they could not photograph the front desk or its logo, and the office was not a shared office.

Through the glass door, unable to enter, they could not observe the internal environment. After arriving, they confirmed the address, but found no information about the broker. The security guard stated that the company did not exist, leading to the conclusion that it was false. Therefore, after the site visit, it was confirmed that the broker FXTRADEMARKET does not exist at the above address.

Conclusion

The survey team went to the UK as planned to conduct an on-site inspection of the forex broker FXTRADEMARKET. At its publicly displayed business address, the company name of the broker was not visible, indicating that the broker does not have a genuine business premises. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

The above content and views are for reference only and shall not be used as the basis for final decision.