Purpose

The UK foreign exchange market is one of the world's important forex markets formed over a long historical development, characterized by large trading volumes, a wide variety of trading instruments, and a large number of market participants. It occupies a key position in global forex trading, with numerous international financial institutions and investors conducting forex trading activities here. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site investigation team traveled to the UK for a field visit.

Process

This issue, as planned, goes to the UK to physically visit forex broker Ultimia Trades. According to public information, its office address is Dept 8017a 601 International House, 223 Regent Street, Mayfair, London, England,W1B.2QD.

A professional and experienced team, with a sense of mission to strictly vet for investors, followed a meticulous plan and went to the UK. They conducted an on-site verification of the brokerUltimia Trades claiming to be located at Dept 8017a 601 International House, 223 Regent Street, Mayfair, London, England,W1B.2QD.

The team arrived at the target building, which is located on the bustling Regent Street in London. The surrounding environment is lively with a strong commercial atmosphere. However, no company logo or related information of the broker was found on the exterior of the building.

The team entered the lobby of the building, stated their purpose to the security guard, and after communication, obtained permission to enter.

However, no signboard of the broker was found inside the building, nor any logo related to the broker. Unable to locate the specific floor and position, the team could not reach the target floor to confirm the specific office area. Since there were no clues pointing to the broker's office location, they were unable to enter the company's interior, nor could they photograph the front desk and its logo. This office is also not a shared office.

Passing through the public areas of the building, due to being unable to enter the company interior, they could not observe the internal environment. Upon arrival, they confirmed that this was the address, but found no information about the broker. When asked, the security guard said that this company does not exist, so it was determined to be fraudulent.

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

Conclusion

Visited the forex broker Ultimia Trades in the UK as planned, but at its publicly displayed business address, the company name and other information of the broker could not be seen, indicating that the broker does not have a real business premises. Investors should make their decision after comprehensive consideration.

Disclaimer

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