Purpose

The German forex market is a mature foreign exchange market that has developed over a long period of financial evolution, characterized by large trading volumes, numerous participants, and strict regulatory oversight. As one of the world's important financial markets, Germany's forex trading holds a significant position within the European and even global financial system. To help investors or practitioners gain a more comprehensive understanding of forex brokers in Germany, the on-site inspection team traveled to Germany for field visits.

Process

As scheduled, this issue involves an on-site visit to the foreign exchange broker Standard Coin Options in Germany. According to publicly available information, its office address is "Venloer Str 528 Koeln Nordrhein-Westfalen 50825 GERMANY".

A professional and experienced team, driven by a sense of mission to rigorously vet for investors, proceeded according to a meticulous plan to the target area in Germany to conduct an on-site verification of the broker Standard Coin Options that claimed to be located at this address.

The team successfully arrived at the target building, which was situated at the specified address. However, it was surprising to find that this building was actually a residential building, with a hospital on the first floor, and it showed no signs of being an office building.

The surrounding area of the building did not have a strong commercial atmosphere and appeared rather ordinary. The first floor of the building housed a hospital. From the overall external appearance, there were absolutely no indications of an office building. On the exterior of the building, no signage or any relevant information pertaining to the company was found.

The team attempted to enter the building lobby. As the building itself was not a commercial office building and the first floor was a hospital, after stating the purpose of the visit to the relevant personnel, permission to enter was not granted.

Since entry into the building was impossible, it was also impossible to reach the target floor to confirm the status of the company's office area. Naturally, there was no situation where the company's office area had clear signage. Furthermore, it was impossible to enter the company interior, take photos of the reception desk, and the company was not a shared office.

As entry into the building interior was not possible, it was also impossible to observe conditions such as the company's internal working environment, and thus impossible to verify the company's information.

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

Conclusion

As planned, we visited the forex broker Standard Coin Options at its publicly displayed business address in Germany. We were unable to see any information such as the company name of this broker at the location, indicating that the broker does not have a genuine physical 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.