Purpose

The UK foreign exchange market is a globally significant market formed through a long historical development process. It features characteristics such as large trading volume, a rich variety of trading products, and numerous market participants, holding a pivotal position in international foreign exchange trading. 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 visited the forex broker FXTRADESMARKET in the United Kingdom as planned. According to public information, its office address is Parkside, 44 - 46 Knightsbridge, London SW1X 7JN, United Kingdom.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, traveled to the United Kingdom according to  well-planned schedule to conduct a physical verification of the broker FXTRADESMARKET claiming to be located at Parkside, 44 - 46 Knightsbridge, London SW1X 7JN, United Kingdom.

The verification personnel successfully arrived at the target building. The building is located on a street in the core area of London, surrounded by bustling commercial streets with a strong business atmosphere. However, no company signage or related information for FXTRADESMARKET was found on the exterior of the building. The ground floor of the building consists entirely of shops. The entrance to the building was blocked by mannequins and had access control.

The verification personnel attempted to enter the building. Due to the entrance being blocked by mannequins and access control barriers, permission to enter could not be obtained.

Because they could not enter the building, they were unable to reach the target floor, and no clear signage indicating FXTRADESMARKET's office area was found. Since they could not enter the building, they could not photograph the reception desk, and it was not a shared office space.

Through the building's access control and glass doors, it was impossible to observe the internal environment of the company. Overall, it could not be confirmed whether the company truly exists at the aforementioned address.

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

Conclusion

The on-site investigator visited the forex broker FXTRADESMARKET in the UK as planned. At its publicly displayed business address, no company name or other information of this broker was found, 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 views are for reference only and should not be used as the final basis for selection.