Purpose

The UK foreign exchange market is one of the globally significant forex markets formed through a long historical development process, characterized by its large trading volume, flexible trading hours, and numerous financial institutions. As an international financial center, it holds a pivotal position in global foreign exchange trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in the UK.

Process

In this issue, the on-site inspection team went to the United Kingdom as planned to conduct a field visit to the forex broker Grid Fx. According to public information, its office address is 71 - 75 Shelton Street, London, WC2H 9JQ, United Kingdom.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded to the United Kingdom according to a well-planned schedule to conduct a physical verification of the broker Grid Fx that claims to be located at 71 - 75 shelton street, london, wc2h 9jq, united kingdom.

The inspectors successfully arrived at the target building, which is located in a specific area of London. The surrounding streets appear relatively bustling with a strong commercial atmosphere. However, no company signage or relevant information for Grid Fx was found on the exterior of the building.

The team entered the building lobby and stated their purpose to the security personnel. However, after brief communication, permission to proceed further was not granted.

Although unable to enter the building lobby, observation from the outside looking in revealed no company directory plate for Grid Fx inside the building. Furthermore, before reaching the target floor, it was disclosed that this is a virtual office with no physical workspace, making it impossible to reach the specific floor and confirm the exact location, let alone enter the company's interior. Additionally, this office is not a shared workspace.

Through the lobby area, as entry into the company interior was not possible, the internal environment and conditions of the company could not be observed. Overall, this does not align with the broker's claimed positioning of having an actual physical office.

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

Conclusion

The on-site investigator visited the forex broker Grid Fx in the UK as planned. At the publicly displayed business address, no information such as the broker's company name was found, indicating that the broker does not have a genuine physical business location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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