Purpose

The UK foreign exchange market is a historically significant and highly developed international forex market, holding a pivotal position since the formation of the modern financial system. It is characterized by large trading volumes, a diverse range of trading instruments, and a wide variety of market participants, making it one of the core hubs for global forex trading. To assist investors or professionals in gaining a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in the UK.

Process

The on-site inspection team visited the forex broker HYCM in the UK as planned. According to public information, its office address is St Clement’s House 27 - 28 Clement’s Lane London EC4N 7AE UNITED KINGDOM.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to the UK to conduct an on-site verification of the broker claiming to be located at St Clement’s House 27 - 28 Clement’s Lane London EC4N 7AE UNITED KINGDOM HYCM.

The field investigator successfully arrived at the target building, which is located in the relevant area of London. Due to the building's condition, it was difficult to assess the commercial atmosphere of the surrounding environment. No company signage or related information was found on the exterior of the building. The building appeared to be closed, and the investigator could not locate an entrance.

The inspector attempted to enter the building, but due to the building being closed and no entrance found, they were unable to access the lobby, let alone explain their purpose to security or staff and obtain entry permission.

Due to the inability to enter the building and reach the target floor, it was impossible to determine whether there were any obvious signs or security measures in the HYCM office area. Since access was denied, no photos of the reception desk or its logo could be taken, and it was also unclear whether it was a shared office space.

Through the tightly closed doors of the building, it is impossible to observe the internal environment of the company, making it difficult to assess whether the overall situation aligns with its claimed positioning.

Therefore, after on-site verification, it is confirmed that the broker HYCM does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker HYCM in the UK as planned. The broker's company name and other information were not found at the publicly displayed business address, indicating that the broker does not have a genuine operational premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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