Purpose

The UK foreign exchange market is one of the world's important foreign exchange markets formed through a long historical development process. It is characterized by large trading volumes, a wide variety of trading instruments, and numerous market participants. It occupies a key position in global foreign exchange trading, with many international financial institutions and forex brokers conducting business there. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the fact-finding team traveled to the UK for an on-site visit.

Process

The inspection team planned to visit the forex broker Vtros in the UK. According to public information, its office address is 71 - 75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.

A professional and experienced on-site inspection team, with a sense of mission to strictly vet for investors, followed a meticulous plan and traveled to the United Kingdom. They conducted an on-site verification of the broker Vtros purportedly located at 71 - 75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.

The inspectors arrived at the target building without issue. The location is in the Covent Garden area of London, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company logo or related information of Vtros was found on the exterior of the building.

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

However, no company nameplate of Vtros was found inside the building, nor was the company's logo seen. Since the specific floor and location could not be determined, the inspectors could not reach the specific floor and confirm its exact location, and naturally could not enter the company's interior. At the same time, they were unable to photograph thereception area or its logo. This office is not a shared office.

Through glass doors and other areas, since it was impossible to get close to the company area, the internal environment, decoration style, and employee activities could not be observed. After arriving, it was confirmed that the address matched, but no information about this broker was found. Upon inquiry, the security guard stated that there was no such company, leading to the conclusion that it was fraudulent. Therefore, after the on-site inspection, it was confirmed that the broker Vtros does not exist at the above address.

Conclusion

The inspection team went to the UK as planned to conduct an on-site visit to forex broker Vtros. At the publicly displayed business address, the company name and other information of the broker were not visible, indicating that the broker does not have a genuine business premises. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

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