Purpose

The UK foreign exchange market is one of the world's important foreign exchange markets formed in the long-term historical development. It is characterized by large trading volumes, flexible trading hours, and numerous financial institutions, occupying a pivotal position in global foreign exchange trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the UK region, the survey team traveled to the UK for an on-site visit.

Process

The on-site inspection team went to the UK as planned to visit forex broker Pride Forex Asia. According to public information, its office address is 85 Shelton Street - 1, Covent Garden, London, United Kingdom, WC2H 9JQ.

Professional and experienced on-site inspection team, with a sense of mission to strictly vet for investors, followed a well-planned schedule to travel to the target area in the UK. They conducted a field verification of the broker Pride Forex Asia, which claims to be located at the above address.

The on-site inspectors arrived at the target building, which is located in Covent Garden, with a prosperous surrounding environment and a strong commercial atmosphere. However, no company signage or relevant information of Pride Forex Asia was found outside the building.

The on-site inspectors attempted to enter the building but were unable to obtain entry permission and could not enter the company lobby. Observing inside the building, they also did not find the company's directory board or logo.

Due to being unable to enter the building, the on-site inspectors could not reach the specific floor and confirm the exact location, nor could they enter the company's premises and photograph its reception area. The office is not a shared office. Through the building's entrance, they could not observe the internal office environment and could not confirm whether the company exists.

After arrival, the on-site inspectors did not find any information about the broker. Inquiring at the reception staff, they were told that the company does not exist. The overall situation does not match its claimed location, and it is judged to be fraudulent.

Therefore, after the on-site inspection, it is confirmed that broker Pride Forex Asia does not exist at the above address.

Conclusion

The survey personnel visited the UK as planned to conduct an on-site inspection of the forex broker Pride Forex Asia. They 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 genuine place of business. Please make your decision after comprehensive consideration.

Disclaimer

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