Purpose

The UK foreign exchange market is a globally significant forex market formed over a long period of development, characterized by a long history, active trading, and strict regulation, holding a pivotal position in global forex trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted a field visit to the UK.

Process

The on-site inspection team followed the plan to visit forex broker Mega Trades Pro in the UK. According to public information, its office address is 71 - 75 Shelton Street, Covent Garden, London United Kingdom.

A professional and experienced site inspection team, with a sense of mission to strictly scrutinize for investors, followed a meticulous plan and went to the target area in the UK to conduct an on-site verification of the broker Mega Trades Pro claiming to be located at the aforementioned address.

The site inspectors arrived at the target building smoothly. The location is in the Covent Garden area, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company logo or related information of the broker was found outside the building.

The site inspectors attempted to enter the building but were not granted permission to enter, so they could not access the company lobby. Looking inside the building, they also did not find the company's directory sign or logo.

Since they could not enter the building, the site inspectors could not reach specific floors or confirm the exact location, nor could they enter the company interior or take photos of its front desk. The office is not a shared office. Through the building entrance, they could not observe the internal office environment and could not confirm whether the company exists.

Through the glass door, they could not observe the internal environment either, and found no information about the broker, concluding it is false.

Therefore, after the site inspection, it is confirmed that the broker Mega Trades Pro does not exist at the aforementioned address.

Conclusion

The surveyors went to the UK as planned to inspect the forex broker Mega Trades Pro. At its publicly displayed business address, they did not see the company name or other information of the broker, indicating that the broker does not have a real business premises. Investors are advised to 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.