Purpose

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

Process

This time, the on-site inspection team traveled to the UK as planned to visit forex broker Procapital Trades. According to public information, its office address is 88 Wood Street, EC2V 7QR, London, UK.

A professional and experienced on-site inspection team, with a sense of mission to strictly scrutinize for investors, traveled to the UK according to a well-planned itinerary. They conducted a field verification of the broker Procapital Trades allegedly located at 88 Wood Street, EC2V 7QR, London, UK.

The inspection personnel arrived smoothly at the target building, which is located on Wood Street in London. The surrounding street environment is relatively bustling with a strong commercial atmosphere. However, no company signage or related information of Procapital Trades was found outside the building.

The inspection personnel entered the building lobby and explained their purpose to the security guard. After a brief conversation, they obtained permission to enter.

However, no directory listing for Procapital Trades was seen inside the building, nor was the company's LOGO found. Due to the lack of any directional information, it was impossible to reach a specific floor or confirm the exact location, and thus impossible to enter the company's office. Additionally, no photos of the reception desk or its LOGO could be taken, and the office is not a shared office.

From the lobby, it was also impossible to observe the company's internal office environment. Upon arrival, the address was confirmed, but no information about the broker was found. When asked, the security guard stated that this company does not exist, leading to the conclusion that it is fraudulent.

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

Conclusion

The site surveyors planned to visit the forex broker Procapital Trades in the UK in person, 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 choice after comprehensive consideration.

Disclaimer

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