Purpose

The UK forex market is one of the globally significant forex markets formed through a long historical development process. It is characterized by its enormous trading volume, rich variety of trading instruments, and numerous market participants, holding 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 traveled to the UK for a physical visit.

Process

The team visited the forex broker Westerpro in the UK as planned. According to public information, its office address is 32 Old Burlington Street, Mayfair, London, UK.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, traveled to the UK according to a well-planned schedule. Based on the aforementioned information, they conducted a field visit to the broker Westerpro.

The inspection personnel went to the target area based on the address information to conduct a physical verification of the broker Westerpro, which claims to be located at 32 Old Burlington Street, Mayfair, London, UK.

The inspection personnel successfully arrived at the area of the target address. The surrounding environment is relatively bustling with a strong commercial atmosphere. However, no company signage or related information about Westerpro was found on the exterior of the building.

The inspection personnel entered the building lobby and explained their purpose to the security guard. After communication, they obtained permission to enter. However, on the company directory board inside the building, no information about Westerpro was found, nor was the company's logo seen.

Upon inquiry with the security guard, they were informed that there was no such company. As the specific floor and location could not be confirmed, the inspection personnel could not reach the target floor, and thus could not confirm its exact position, let alone enter the company's interior. Simultaneously, they were unable to photograph Westerpro's reception area or logo. The office was also not a shared office space.

As they could not enter the company's interior, the inspection personnel, viewing from the lobby area, could not observe the internal environment of the company. No information regarding this broker was found, leading to the judgment that it is false.

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

Conclusion

The inspection personnel proceeded as planned to visit the forex broker Westerpro in the UK. At the public business address, they could not find any information such as the company name of this broker, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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