Purpose

The UK foreign exchange market is a long-established and highly developed international forex market that has held a significant position in global foreign exchange trading since the establishment of the modern financial system. It is characterized by its large trading volume, diverse range of trading instruments, and a wide variety of market participants. 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 Alphaoxtrade. According to public information, its office address is Wenlock Road 20 - 22N1 7GU London Unitied Kingdom.

A professional and experienced on-site verification 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 an on-site verification of the broker Alphaoxtrade, which claims to be located at Wenlock Road 20 - 22N1 7GU London Unitied Kingdom.

The verification personnel successfully arrived at the target building, located in central London on a not-so-bustling street. The surrounding environment is relatively quiet, with a moderate commercial atmosphere. The office building's interior decoration is decent, but no company signage or relevant information was found on the exterior of the building.

The verification personnel entered the building lobby and stated their purpose to the security guard. After brief communication, they obtained permission to enter.

However, no directory board for the company was found inside the building, and there was no company logo. As the specific floor and location could not be determined, the verification personnel could not reach the specific floor and confirm the exact location, and thus could not enter the company's interior. This is a shared office space where many financial companies are registered, but the reception desk could not provide any information about the Alphaoxtrade company, and photography of the reception desk was not possible.

From the lobby area, the verification personnel could not observe the company's internal environment, and the overall situation could not be assessed to determine if it matches its claimed positioning.

Therefore, after the on-site verification, it was confirmed that broker Alphaoxtrade does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the forex broker Alphaoxtrade in the UK as planned. At its publicly displayed business address, no information such as the broker's company name 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.