Purpose

The UK forex market is a long-established and highly developed international forex market, occupying an important position in global forex trading. It features large trading volumes, a wide variety of trading products, and diverse market participants. To help investors or practitioners gain a more comprehensive understanding of UK forex brokers, the survey team went to the UK for an on-site visit.

Process

This on-site inspection team visited the forex broker TigerWit in the UK as planned, according to public information showing its office address as 7th Floor, Augustine House, 6a Austin Friars, London, EC2N 2HA, United Kingdom.

A professional and experienced site visit team, with a sense of mission to strictly vet for investors, went to the UK according to a well-planned schedule. They conducted an on-site inspection of the broker TigerWit, which claims to be located at 7th Floor, Augustine House, 6a Austin Friars, London, EC2N 2HA, United Kingdom.

The site visit team arrived at the target building without any issues. The location is in central London, with a bustling surrounding environment and a strong commercial atmosphere. However, no company logo or related information of TigerWit was found outside the building.

The site visit team entered the building lobby and informed the security guard of their purpose. After communication, they obtained permission to enter.

However, no company signboard of TigerWit was found inside the building. After arriving at the target floor, the site visit team was unable to reach the specific office because the exact location could not be confirmed. Also, no clear signage for the office area of TigerWit was found. Since the specific office area was not located, the site visit team could not enter the interior, nor could they photograph the reception desk or its logo. The office area is not a shared office.

Upon arrival, the site visit team confirmed that the address is correct, but no information regarding this broker was found. Inquiring at the reception desk revealed that this company used to be there but has since moved away from the address, casting doubt on its authenticity. Therefore, after the site visit, it was confirmed that the broker TigerWit does not exist at the aforementioned address.

Conclusion

The inspection team went to the UK as planned to visit forex broker TigerWit on site. 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 should make their decisions after comprehensive consideration.

Disclaimer

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