Purpose

The UK foreign exchange market is one of the world's important forex markets formed during a long process of financial development, characterized by a long history, huge trading scale, and numerous market participants. As an international financial center, it occupies a key position in global forex trading. In order to help investors or practitioners gain a more comprehensive understanding of forex dealers in the region, the on-site inspection team went to the UK for a field visit.

Process

This time, the survey team went to the UK as planned to conduct an on-site visit to forex dealer Arrins. According to public information, its office address is Cornwall Buildings 45 - 51 Newhall Street Office 330, Birmingham, B3 3QR.

A professional and experienced site visit team, with a sense of mission to strictly vet for investors, went to the UK according to a well-planned itinerary. They conducted an on-site verification of the broker Arrins claiming to be located at Cornwall Buildings 45 - 51 Newhall Street Office 330, Birmingham, B3 3QR.

The site visit personnel arrived at Cornwall Buildings, which is located on Newhall Street in Birmingham, UK. The surrounding streets are relatively orderly, but the business atmosphere is average. Outside the building, no signage or related information of the company Arrins was found.

The site visit personnel explained their purpose to the security guard. After a brief communication, they did not obtain permission to enter. No company directory listing for Arrins was found around the building, nor was the company's logo seen.

Due to the inability to determine the specific floor, the site visit personnel could not reach the target floor to confirm the exact location, and thus could not enter the company. Additionally, they were unable to photograph the front desk or its logo; this office is not a shared office.

Observing from within the complex, it was impossible to see the company's internal office environment. Upon arrival, the address was confirmed, but no information about this broker was found. The security guard was asked and stated that there is no such company, leading to the conclusion that it is fraudulent.

Therefore, after the site visit, it was confirmed that the broker Arrins does not exist at the above address.

Conclusion

The field inspection team proceeded to the UK as planned to physically visit forex broker Arrins. At its publicly displayed business address, the company name and other information could not be seen, indicating that the broker does not have a real business premise. Investors are advised to make their decision after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and do not serve as the basis for final decisions.