Purpose

The UK foreign exchange market is an internationally significant foreign exchange market formed through a long historical development process, characterized by large trading volume, a rich variety of trading currencies, and diverse market participants. As one of the core hubs of global foreign exchange trading, it occupies a pivotal position in the international financial system. 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 went to the United Kingdom as planned to conduct an on-site visit to the forex broker GLFX. According to public information, its office address is 71 - 75, Shelton Street, London, Greater London, WC2H 9JQ, UNITED KINGDOM.

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

The inspectors went to the target area based on the address information to conduct an on-site verification of the broker GLFX, which claimed to be located at 71 - 75, Shelton Street, London, Greater London, WC2H 9JQ, UNITED KINGDOM.

The inspectors successfully arrived at the target building, located in a bustling area of London with a vibrant surrounding environment and a strong commercial atmosphere. However, no company signage or related information for GLFX was found on the exterior of the building. Before arriving at the building, they were informed that this was a virtual office with no physical workspace.

The team entered the building lobby and explained their purpose to the security guard. However, after a brief communication, they were not granted permission to enter.

Due to visitor restrictions and being informed it was a virtual office, the inspectors could not reach the target floor to confirm the specific location. Observing inside the building, they also found no company directory listing for GLFX, nor did they see any logo related to the company.

As there was no physical office area, the inspectors could not enter the company's interior, and this was a shared office space. However, due to the lack of actual workspace, they were unable to observe the company's internal environment.

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

Conclusion

The on-site inspection team visited the forex broker GLFX in the UK as planned. At its publicly displayed business address, they were unable to see information such as the broker's company name, 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.