Purpose

The UK foreign exchange market is a globally significant forex market formed through long-term financial development, characterized by a long history, large trading volume, and a wide variety of trading instruments. As one of the international financial centers, its forex trading activities are highly active. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the fact-finding team traveled to the UK for an on-site inspection.

Process

The on-site inspection team planned to visit the forex broker Fxspacemarket in the UK. According to public information, their office address is 5 Fleet Pl, London EC4M 7RD, UK.

A professional and experienced on-site team, driven by the mission to strictly scrutinize for investors, followed a meticulous plan and traveled to the target area in the UK. They conducted an on-site inspection of the broker Fxspacemarket, which claimed to be located at the aforementioned address.

The on-site inspectors arrived at the target building, located in a specific area of London with a bustling surrounding environment and a strong commercial atmosphere. However, no company identification or related information of Fxspacemarket was found outside the building.

The on-site inspectors attempted to enter the building but were not granted permission to enter and could not access the company lobby. Looking into the building, they also did not find any company signage or logo of the broker.

Due to the inability to enter the building, the on-site inspectors could not reach the specific floor or confirm the exact location, nor could they enter the company or take photos of its front desk. The office is not a shared office. Through the building entrance, it was impossible to observe the company's internal office environment or confirm whether the company exists.

Through the glass, the on-site inspectors could not observe the company's internal environment and found no information about the broker. Upon inquiry, the staff informed them that it was just an ordinary café, leading to the conclusion that it is false.

Therefore, the on-site inspection confirmed that broker Fxspacemarket does not exist at the aforementioned address.

Conclusion

The surveyor went to the UK as planned to  visit the forex broker Fxspacemarket, but did not see the company name or other information of the broker at its publicly displayed business address, indicating that the broker does not have a real place of business. Please make your choice after comprehensive consideration.

Disclaimer

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