Purpose

The UK foreign exchange market is a long-established and highly developed international forex market. Since the formation of the modern financial system, it has occupied an important position, with a mature regulatory system and a huge trading scale. To help investors or practitioners gain a more comprehensive understanding of UK forex dealers, the survey team went to the UK for an on-site visit.

Process

In this issue, the survey team visited UK-based forex broker Korel FX as planned. According to public information, its office address is 182 St John St, London EC1V 4JZ, UK.

A professional and experienced on-site inspection team, with a sense of mission to strictly screen for investors, traveled to the UK according to a meticulous plan. They conducted an on-site verification of the broker Korel FX claiming to be located at 182 St John St, London EC1V 4JZ, UK.

The inspectors arrived at the area of the address smoothly. The surrounding environment is relatively bustling with a strong commercial atmosphere. However, no company signage or related information of Korel FX was found outside the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After communication, they did not obtain permission to enter. However, no company nameplate of Korel FX was found inside the building, nor was any related logo seen.

Since information such as the specific floor location of the company could not be obtained, the inspectors were unable to reach the specific floor and confirm the exact location, and naturally could not enter the company's interior. At the same time, they could not take photos of the reception desk or its logo, and the office is not a shared office.

Upon arrival, they confirmed it was the address, but found no information about the broker. The security guard told them the company did not exist, so they determined it was false. Therefore, through the building lobby, they could not observe the company's internal environment, etc. Overall, it does not match its claimed office location.

Therefore, after the on-site inspection, it was confirmed that the broker Korel FX does not exist at the above address.

Conclusion

The surveyor went to the UK as planned to visit the forex broker Korel FX in person. At its publicly displayed business address, the broker's company name and other information could not be seen, indicating that the broker does not have a real business premises. Investors are advised to make a decision after comprehensive consideration.

Disclaimer

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