Purpose

The UK foreign exchange market is a significant international forex market that has developed through historical processes, characterized by its large trading volume, diverse range of trading products, and numerous market participants. It holds a pivotal position in global forex trading, with many international financial institutions and investors conducting foreign exchange transactions there. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the team conducted on-site visits in the UK.

Process

The team traveled to the UK as planned for on-site visits to forex broker FINECO. According to public information, Its office address is 19 Great Winchester Street, London, EC2N 2JA.

A professional and experienced team, driven by a sense of mission to rigorously vet for investors, followed a meticulous plan and traveled to the target area in the UK to conduct an on-site inspection of the broker FINECO, which claims to be located at 19 Great Winchester Street, London, EC2N 2JA.

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

The team entered the ground floor of the building and explained their purpose to the security guard. After communication, they weren't allowed to enter. The reason given by the security was that the company FINECO is not located within this building.

Due to the inability to enter the building, it was impossible to reach the target floor to confirm the status of FINECO's office area, let alone determine if there were any clear signs. There was also no opportunity to enter the interior, photograph the reception area and logo. The office space was also not a shared office.

The on-site inspection personnel found no information regarding this broker and  the judgement was false. Therefore, after the on-site inspection, it was confirmed that the broker FINECO does not exist at the aforementioned address.

Conclusion

The team visited the forex broker FINECO at its public business address in the UK as planned, but could not find information such as the broker's company name at the location, indicating the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the final basis for choice.