Purpose

The UK foreign exchange market is a historic international forex market. Since the development of the modern financial system, it has occupied a pivotal position in global foreign exchange trading by virtue of its mature financial system, comprehensive regulatory framework, and highly developed financial infrastructure. 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 field visits.

Process

In this issue, the on-site inspection team visited the forex broker Swift Coin FX Trade in the UK as planned. According to public information, its office address is 5 New St Square, London EC4A 3BF, UK.

A professional and experienced on-site verification team, driven by a sense of mission to strictly safeguard investors, proceeded to the United Kingdom according to a well-planned schedule to conduct an on-site verification of the broker Swift Coin FX Trade claiming to be located at 5 New St Square, London EC4A 3BF, UK.

The verification personnel successfully arrived at the target building, located in a bustling area of London with a clean surrounding environment and a strong commercial atmosphere. This is a luxury office building; however, no company signage or relevant information for Swift Coin FX Trade was found on the exterior of the building.

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

After entering the building, the verification personnel carefully searched for the company directory within the building but did not find any relevant information for Swift Coin FX Trade.

The front desk staff were also unable to provide more information about the company. As the specific floor and location could not be determined, the verification personnel could not reach the target floor and thus could not confirm the company's specific office area.

Simultaneously, as no relevant company signage was found, there was no opportunity to photograph the reception area or logo, and this office space was not a shared office.

From the lobby area, the verification personnel could not observe the company's internal environment. The overall situation does not align with the broker's claimed presence at this address.

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

Conclusion

The on-site inspector visited the foreign exchange broker Swift Coin FX Trade in the UK as planned. At its publicly displayed business address, no information such as the broker's company name was visible, 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.