Purpose

The UK foreign exchange market is one of the important global foreign exchange markets formed through a long historical development. It has characteristics such as large trading scale, rich variety of trading products, and numerous market participants, occupying a pivotal position in global forex trading. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the team went to the UK for an on-site visit.

Process

This time, as planned, the team went to the UK to visit the forex broker FLUX TRADE CO.. According to public information, its office address is Canary Wharf, London, United Kingdom.

A professional and experienced team, with a sense of mission to rigorously vet for investors, followed a detailed plan to travel to the UK to conduct an on-site verification of the purported address.

The site inspection team arrived smoothly at Canary Wharf, which is located in a major financial district of London, with a bustling surroundings and strong commercial atmosphere. However, no sign or relevant information of the company was found outside the building.

The site inspectors attempted to enter the building's lobby and explained their purpose to the security guard. However, the security guard informed them that the company did not exist there and denied them entry.

Looking inside the building, there was no directory sign or other information for the company. Therefore, the inspectors could not confirm the specific location or enter the interior. Due to the inability to enter the building, they could not take pictures of the broker's office area or reception. The office area was also not a shared office.

After arriving, the inspectors found no information about this broker and determined it to be fraudulent. Therefore, after the inspection, it was confirmed that broker FLUX TRADE CO. does not exist at the above address.

Conclusion

The team visited the UK as planned to conduct an on-site inspection of forex broker FLUX TRADE CO.. At its publicly displayed business address, the broker's company name and other information were not visible, indicating that the broker does not have a real business location. Investors are advised to consider this comprehensively before making a decision.

Disclaimer

The above content and views are for reference only and do not serve as the basis for final selection.