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 volume, a wide variety of trading instruments, and diversified market participants. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the survey team went to the UK for on-site visits.

Process

The verification team planned to visit the forex broker Allegience Wave in the UK as scheduled. According to public information, its office address is Elsley Court, 20 - 22 Great Titchfield Street, London, United Kingdom, W1W 8BE.

A professional and experienced site inspection team, with a sense of mission to strictly vet for investors, traveled to the UK according to a meticulous plan. They conducted an on-site verification of the broker Allegience Wave, which claims to be located at that address.

The inspection personnel arrived at the target building, which is located in a bustling area of London with a lively surrounding environment and strong commercial atmosphere. However, no signage or relevant information of the company was found outside the building.

The inspection personnel entered the building lobby and stated their purpose to the security guard. After communication, they were not granted entry.

The inspection personnel could only check the perimeter. They did not find the company's nameplate or any signage of Allegience Wave, and could not confirm the specific floor or location. Unable to locate the company, the inspection personnel could not enter the interior, nor could they photograph the front desk or its logo. Moreover, the office is not a shared office.

Through the glass door, since they could not enter the interior, they were unable to observe the internal environment or other conditions. After arrival, they confirmed the address, but found no information about the broker. Upon asking, the security guard informed them that this company does not exist, and they determined it to be false.

Therefore, after the site inspection, it was confirmed that the broker Allegience Wave does not exist at the aforementioned address.

Conclusion

The on-site inspection team went to the UK as planned to physically visit the foreign exchange broker Allegience Wave. However, at its publicly displayed business address, they were unable to see the broker's company name or other information, indicating that the broker does not have a genuine place of business. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and do not constitute final selection basis.