Purpose

The UK forex market is one of the globally significant forex markets formed through a long-term development process, possessing a long history and a highly developed financial system. Its market characteristics include enormous trading volume, a rich variety of trading products, numerous market participants, and a high degree of internationalization. To assist investors or practitioners in gaining a more comprehensive understanding of UK forex brokers, the on-site verification team conducted field visits in the UK.

Process

The on-site inspection team visited the forex broker PURPLE TRADING in the UK as planned. According to publicly available information, its office address is 20 - 22 Wenlock Road, London, N1 7GU United Kingdom.

A professional and experienced on-site visit team, driven by a sense of mission to rigorously vet for investors, proceeded to the target area in the UK according to a meticulously planned schedule. They conducted an on-site verification of the broker PURPLE TRADING, which claims to be located at the aforementioned address.

The on-site visit personnel arrived at the target building, located on Wenlock Road in London, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company signage or related information of the broker was found on the exterior of the building.

The on-site visit personnel attempted to enter the lobby of the building and explained their purpose to the security guard. However, the security guard informed them that there was no such company, and entry permission could not be granted.

Looking inside the building, there was no information such as a directory board for the company, so the site visit personnel could not confirm the specific location or gain access to the interior. Due to the inability to enter the building, they could not photograph PURPLE TRADING's office area and reception area. The office area was also not a shared office.

Through the doorway, as they could not enter the interior, they could not observe the company's internal environment and other conditions. No information about the broker was found, leading to the judgment that it was false.

Therefore, after the site visit, it was confirmed that the broker PURPLE TRADING does not exist at the aforementioned address.

Conclusion

The on-site inspection team went to the UK as planned to conduct a physical visit of the forex broker PURPLE TRADING. At its publicly displayed business address, they could not see information such as the company name of this broker, indicating that this broker does not have a genuine business premises. Investors should make their choice after comprehensive consideration.

Disclaimer

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