Purpose

The UK foreign exchange 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 instruments, and a large number of market participants. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the team went to the UK for an on-site visit.

Process

This time, the team went to the UK as planned to visit the forex broker Reliable FX Trades in person. According to public information, its office address is 5 New St Square, London EC4A 3BF, UK.

A professional and experienced team, with a sense of mission to strictly vet for investors, followed a meticulous plan and traveled to the target area in the UK to conduct an on-site inspection of the broker Reliable FX Trades claimed to be located at the above address.

The team arrived smoothly at the target building, which is located in a specific area of London with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company logo or related information of this broker was found outside the building.

The team entered the building lobby and explained their purpose to the security guard. After a brief conversation, they obtained permission to enter. Inside the lobby, no signboard of this company was found.

Therefore, its specific floor could not be determined, and the broker's office area was not found. There were no obvious markings. The team could not enter the interior, nor could they take photos of its front desk, and the office was not a shared office.

From the lobby area, the team could not observe the company's internal environment. No information about this broker was found. Upon inquiry, the front desk indicated that this company did not exist, leading to the conclusion that it was fraudulent. The overall situation did not match its claimed positioning.

Therefore, after the site visit, it was confirmed that broker Reliable FX Trades does not exist at the above address.

Conclusion

The team visited the UK as planned to conduct an on-site inspection of forex broker Reliable FX Trades. At its publicly displayed business address, the company name and other information of the broker could not be seen, indicating that the broker does not have a real business premises. Investors are advised to make a decision after comprehensive consideration.

Disclaimer

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