Purpose

The UK foreign exchange market is a long-established and highly developed international forex market. Since the establishment of the modern financial system, it has always been at the core of global forex trading, with a comprehensive regulatory system and a wide variety of trading instruments. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the on-site inspection team went to the UK for a field visit.

Process

This on-site inspection team went to the UK as planned to visit forex broker Elite Trading Ltd. According to public information, its office address is 64 Shearsmith Tower, Cable Street, London E1.

A professional and experienced on-site inspection team, with a sense of mission to safeguard investors, traveled to the UK according to a well-planned itinerary. They conducted a field verification of the broker Elite Trading Ltd allegedly located at 64 Shearsmith Tower, Cable Street, London E1.

The inspection team arrived at Shearsmith Tower, located on Cable Street in London. Due to the non-existence of the company, it was difficult to accurately describe the commercial atmosphere of the surrounding area. No company nameplate or related information was found outside the building.

The inspection team entered the lobby of the building and explained their purpose to the security guard. After communication, they obtained permission to enter.

However, no company nameplate was found inside the building, nor was any logo of Elite Trading Ltd seen. Since the specific floor and location could not be confirmed, the inspection team could not reach the target floor. Because the company's specific location was not found, they could not enter the company's interior, nor could they take photos of the front desk and its logo. This office is not a shared office.

From the lobby area, due to the inability to enter the company, the internal environment could not be observed. Upon arrival, the address was confirmed, but no information about the broker was found. The security guard was asked and informed that this company does not exist, leading to the conclusion that it is fake. Therefore, after the on-site inspection, it was confirmed that the broker Elite Trading Ltd does not exist at the above address.

Conclusion

The on-site inspectors visited forex broker Elite Trading Ltd in the UK as planned, but 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 location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and are not the basis for final selection.