Purpose

The UK foreign exchange market is a long-established and highly developed international forex market, occupying a significant position in global foreign exchange trading. It features characteristics such as large trading volume, flexible trading hours, and numerous financial institutions. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in the UK.

Process

In this issue, the on-site inspection team went as planned to the United Kingdom to conduct an on-site visit to the forex broker Jite Trade. According to publicly available information, its office address is 66 Great Suffolk St, London SE1 0BL, UK.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously screen for investors, traveled to the United Kingdom according to a well-planned schedule to conduct a physical verification of the broker Jite Trade that claims to be located at 66 Great Suffolk St, London SE1 0BL, UK.

The inspection personnel successfully arrived at the target building. The location is on a non-bustling street in central London and is a small building. The surrounding environment is not prosperous, and the commercial atmosphere is average. The building only has a small door, and no company signage or related information was found on the exterior of the building.

The inspection personnel attempted to enter the building. Due to the absence of a company directory and the inability to confirm whether the company is inside, permission to enter was not obtained.

Because they could not enter the building, they were also unable to reach the target floor, let alone discover whether there was clear signage in the office area of Jite Trade, nor could they photograph the reception desk and its logo, and this office space was not a shared office.

As they were unable to enter the interior, they could not observe the internal environment of the company and other such conditions.

Therefore, after the on-site inspection, it was confirmed that broker Jite Trade does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker Jite Trade in the UK as planned. At the publicly displayed business address, no information such as the broker's company name was found, indicating that the broker does not have a genuine business 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 used as the final basis for selection.