Purpose

The UK foreign exchange market is one of the globally significant foreign exchange markets formed through a long historical development process. It is characterized by a huge trading scale, a rich variety of trading products, and diverse market participants, holding a pivotal position in international foreign exchange trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to the UK for a field visit.

Process

In this issue, the on-site inspection team visited the forex broker Pan Asia Advisory in the UK as planned. According to public information, its office address is 71 - 75, Shelton Street, Covent Garden, England, London, WC2H 9JQ, United Kingdom.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded to the United Kingdom according to a well-planned schedule to conduct a physical verification of the broker Pan Asia Advisory, which claims to be located at 71 - 75, Shelton Street, Covent Garden, England, London, WC2H 9JQ, United Kingdom.

Before arriving at the target building, the team was informed that it was a virtual office with no physical workspace. The building is located in the Covent Garden area, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no signage or relevant information for the company was found on the exterior of the building.

The team entered the building lobby and explained their purpose to the security personnel. However, after a brief communication, permission to enter was not granted.

Observing from the outside in, no company directory listing or logo for Pan Asia Advisory was found inside the building.

Since it was informed to be a virtual office, the inspectors could not access the specific floor and confirm the exact location, and naturally could not enter the company's premises.

Simultaneously, they were also unable to photograph the reception area or its logo, as this is a shared office space. Through the glass doors, and being unable to enter, they could not observe the company's internal office environment. The overall situation does not match its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that broker Pan Asia Advisory does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker Pan Asia Advisory in the UK 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 choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.