Purpose

The UK foreign exchange market is a long-established and highly developed international forex market. Since modern times, it has occupied an important position in global forex trading thanks to its superior geographical location, well-developed financial system, and rich financial experience. In order to help investors or practitioners gain a more comprehensive understanding of UK forex dealers, the fact-finding team traveled to the UK for an on-site visit.

Process

The investigation team went to the UK as planned to visit the forex broker hiforecast. According to public information, its office address is Tricor Suite 4th Floor, 50 Mark Lane, London, United Kingdom 10 Old Bailey London EC4M 7NG UK.

The professional and experienced site inspection team, driven by a sense of mission to act as a rigorous gatekeeper for investors, followed a carefully devised plan and traveled to the United Kingdom to conduct an on-site inspection of the broker hiforecast, which claims to be located at Tricor Suite 4th Floor, 50 Mark Lane, London, United Kingdom 10 Old Bailey London EC4M 7NG UK.

The inspection personnel arrived at the target building, which is located in a relatively bustling area of London with a strong commercial atmosphere and a constant flow of pedestrians and vehicles on the streets. However, no company signage or related information of hiforecast was found outside the building.

The inspection personnel entered the building lobby, and after stating their purpose to the security guard, they were not granted entry permission. However, no company nameplate of hiforecast was found around the building, nor was the company's logo visible.

Since the building is closed for renovation, the inspection personnel could not reach the specific floor to confirm the exact location of hiforecast, and naturally could not enter the company's premises, nor photograph the front desk and its logo. This is not a shared office. Looking through the glass doors, the interior of the company could not be observed due to the obstruction of the building renovation. Upon arrival, the address was confirmed, but no information about this broker was found, leading to the overall conclusion that the broker is fraudulent.

Therefore, after the inspection, it was confirmed that the broker hiforecast does not exist at the aforementioned address.

Conclusion

The field inspection team visited the UK as planned to conduct on-site visits to the forex dealer hiforecast. At its publicly displayed business address, they did not see the company name or other information of the dealer, indicating that the dealer 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 do not serve as the basis for final decisions.