Purpose

The UK foreign exchange market is one of the world's important foreign exchange markets formed through a long historical development. It features large transaction volumes, flexible trading hours, and numerous financial institutions, occupying a pivotal position in global foreign exchange trading. To help investors or practitioners gain a more comprehensive understanding of UK forex brokers, the survey team traveled to the UK for an on-site visit.

Process

This time, the inspection team went to the UK as planned to visit the forex broker Grand Express Funds. According to public information, its office address is 100 Cheapside London, EC2V 6DT United Kingdom.

A professional and experienced inspection team, with a sense of mission to strictly check for investors, went to the UK according to a well-planned itinerary. They conducted an on-site inspection of the broker Grand Express Funds claiming to be located at 100 Cheapside London, EC2V 6DT United Kingdom.

The inspectors arrived at the target building smoothly. The location is in a bustling area of London, with a prosperous surrounding environment and a strong business atmosphere. However, no signage or related information of the company was found outside the building.

The inspectors entered the lobby of the building and explained their purpose to the security guard. After communication, they obtained permission to enter. However, no company directory listing was found inside the building, nor any LOGO related to Grand Express Funds.

Since the specific floor and location could not be determined, the inspectors were unable to reach the target floor. Naturally, they could not enter the company's interior, nor take photos of the reception desk and its LOGO. The office is not a shared office either.

From the lobby area, the inspectors were naturally unable to observe the company's internal environment. After arriving, they confirmed that the address was correct, but no information about the broker was found. Upon inquiry, the security guard informed that there was no such company, leading to the conclusion that it is fake. The overall situation does not match its claimed location.

Therefore, after the inspection, it is confirmed that the broker Grand Express Funds does not exist at the above address.

Conclusion

The site inspection personnel went to the UK as planned to visit forex broker Grand Express Funds in person. At its publicly displayed business address, they could not see the broker's company name or other information, indicating that the broker does not have a real place of business. Investors should make their choices after comprehensive consideration.

Disclaimer

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