Purpose

The UK foreign exchange market is a long-established and highly developed international foreign exchange market. Since the establishment of the modern financial system, it has occupied an important position and is one of the core hubs of global foreign exchange trading. It features a huge trading scale, a rich variety of trading products, and numerous market participants. 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 Tradex in the United Kingdom as planned. According to public information, its office address is 66 GREAT SUFFOLK STREET, LONDON, UNITED KINGDOM, SE1 0BL.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously safeguard investors, traveled to the United Kingdom according to a meticulous plan to conduct a physical verification of the broker Tradex claiming to be located at 66 GREAT SUFFOLK STREET, LONDON, UNITED KINGDOM, SE1 0BL.

The verification personnel successfully arrived at the target building. The building is located on a non-bustling street in central London and is a small building. The surrounding environment is relatively quiet, and the commercial atmosphere is average. The building has only one small entrance, and no company signage or related information was found on the exterior of the building.

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

However, no directory board for Tradex was found inside the building, nor was the company's LOGO seen. As the specific floor and location could not be confirmed, the verification personnel could not reach the specific floor and confirm the exact location, and thus could not enter the company's interior. At the same time, they could not photograph the reception area; the office was not a shared office.

Through the public areas of the building, as they could not enter the company's interior, they were unable to observe the company's internal environment and other conditions. Overall, it could not be confirmed whether the company truly operates from this address, which does not align with its claimed positioning of having a physical office location.

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

Conclusion

The on-site investigator visited the forex broker Tradex at its publicly displayed business address in the UK as planned, but could not find any information such as the broker's company name at the location, indicating that the broker does not have a genuine physical business premises. 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.