Purpose

The UK foreign exchange market is a long-established and highly mature international forex market, and is one of the core hubs of global forex trading, characterized by large trading volume, a wide variety of trading products, and strong market liquidity. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the team conducted an on-site visit to the United Kingdom.

Process

As planned, the team went to the UK this time to conduct an on-site visit to forex broker NAVY TRADES. According to public information, its office address is 52 Berkeley St, London, United Kingdom.

A professional and experienced team, with a sense of mission to strictly vet for investors, followed a meticulous plan and traveled to the UK. They conducted an on-site inspection of the broker NAVY TRADES, which claims to be located at 52 Berkeley St, London, United Kingdom.

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

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

However, no nameplate of the broker was found outside the building, nor was any logo seen. Unable to determine the specific floor location, the team could not reach the target floor, and thus could not confirm whether the broker's office area had obvious signage or security measures. They could not photograph the reception area or the its logo. The office was not a shared office.

Through the glass door, the team could not observe the internal environment of the company because the security guard informed them that the company did not exist. Upon arrival, they confirmed that the address was correct, but found no information about the broker, and determined it to be false.

Therefore, after the site visit, it was confirmed that the broker NAVY TRADES does not exist at the aforementioned address.

Conclusion

The team visited the forex broker NAVY TRADES in the UK as planned, but did not see the broker's company name or other information at its publicly displayed business address, indicating that the broker does not have a real business location. Investors should consider this comprehensively before making a decision.

Disclaimer

The above content and views are for reference only and do not constitute the basis for final decisions.