Purpose

The German forex market is a mature forex market that gradually developed after World War II. As one of Europe's important financial centers, its forex market is characterized by a high degree of internationalization and standardization. Germany's financial market is strictly regulated, attracting numerous international forex brokers to operate here. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Germany for a field visit.

Process

This time, the on-site inspection team went to Germany as planned to conduct a field visit to the forex broker Axel Stock FX. According to public information, its office address is Parkplatz, Parking lot, Kämmergasse 22, 50676 Köln, Germany.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, traveled to Germany according to a well-planned schedule to conduct a physical verification of the broker Axel Stock FX, which claims to be located at Parkplatz, Parking lot, Kämmergasse 22, 50676 Köln, Germany.

The inspectors successfully arrived at the target building. This building is a luxury office tower located in the city center of Cologne, with a bustling surrounding environment and a strong commercial atmosphere.

There is a nameplate for KfW (Kreditanstalt für Wiederaufbau) outside the building, but no company signage or any relevant information for Axel Stock FX was found.

The inspectors entered the building lobby. After stating their purpose to the security guard, they successfully obtained permission to enter. Once inside, the inspectors inquired about Axel Stock FX at the lobby's front desk. The front desk staff mentioned there were other companies in the building and assisted with a search, but no information about this company was found. No nameplate for the company was discovered within the building, and its logo was not seen either.

As specific floor information for the company could not be obtained, the inspectors were unable to reach a specific floor and confirm the exact location, and naturally could not enter the company's interior. This location was also not a shared office space. Through the lobby, it was impossible to observe the company's internal office environment.

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

Conclusion

The on-site inspection team visited the forex broker Axel Stock FX in Germany as planned. At its publicly displayed business address, no information such as the company name of this broker could be seen, 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.