Purpose

The UK foreign exchange market is a historically significant and highly mature international forex market, occupying a pivotal position since the development of modern financial systems. As one of the core hubs for global forex trading, it boasts features such as enormous trading volumes, diverse trading instruments, and a wide range of market participants. To assist investors or practitioners 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 PanBay in the UK as planned. According to public information, its office address is 68 Lombard Street, London EC3V 9LJ, United Kingdom.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to the UK to conduct an on-site verification of the trader claiming to be located at 68 Lombard Street, London EC3V 9LJ, UNITED KINGDOMPanBay.

The inspection personnel successfully arrived at the target building, which is located in a bustling area of London, UK, with a strong commercial atmosphere. The surrounding streets are busy with traffic, and various financial institutions and business establishments are clustered nearby. However, the exterior of the building is currently undergoing renovation, making the site somewhat messy. No signs or relevant information about the company were found on the exterior of the building.

The inspector arrived at the first floor of the building and attempted to explain their purpose to the security personnel, hoping to gain access for further inspection. However, due to the ongoing renovations and strict security management, permission to enter was not granted.

Since it is impossible to enter the building and reach the target floor, we cannot confirm whether there are clear signs or security measures in the office area of PanBay company. Additionally, without access to the interior, it is not possible to photograph the reception desk or its logo. However, a shared office space is visible from the exterior of the building, but we cannot confirm whether PanBay company is actually located there.

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

Conclusion

The inspection team visited the UK as planned to conduct an on-site visit to the forex broker PanBay. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker does not have a genuine business location. 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 decision-making.