Purpose

The UK foreign exchange market is a time-honored and highly developed international forex market, occupying an important position in global forex trading. It is characterized by large trading volume, a wide variety of trading instruments, and numerous market participants. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the fact-finding team conducted an on-site visit to the UK.

Process

This on-site inspection team planned to visit forex dealer Xeancobit in the UK. According to public information, its office address is No. 7 Upper St, London, N1 1PX.

Professional and experienced on-site inspection team, with a sense of mission to strictly vet for investors, traveled to the UK as per a meticulous plan. They conducted a field verification of the broker Xeancobit, allegedly located at No. 7 Upper St, London, N1 1PX.

The on-site inspectors arrived smoothly at the target address, which is located on a specific street in London with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company identification or related information of the broker was found outside the building.

The on-site inspectors entered the building lobby, stated their purpose to the security guard, but were not granted entry permission.

No obvious sign for Xeancobit was found outside the building. Since there was no information about the broker, the on-site inspectors could not confirm its specific location nor enter the premises. They could not photograph the front desk or its logo, and the location was not a shared office.

Through the glass door, the on-site inspectors could not observe the interior of the company. After arriving, they confirmed that the address was correct, but found no information about the broker. It was actually a shop, judged to be false.

Therefore, after the on-site inspection, it was confirmed that broker Xeancobit does not exist at the above address.

Conclusion

The field investigator went to the UK as planned to visit the forex broker Xeancobit in person. At its publicly displayed business address, the company name and other information of the broker were not seen, indicating that the broker does not have a real business premise. Investors should make their decisions after comprehensive consideration.

Disclaimer

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