Purpose

The UK foreign exchange market is one of the globally significant forex markets formed through a long historical development process. It is characterized by its enormous trading volume, rich variety of trading instruments, and diverse market participants, holding a core position in global foreign exchange trading. 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

This period's on-site inspection team visited the forex broker CFD Reserve in the United Kingdom as planned. According to public information, its office address is 16 St James’s St, London SW1A 1ER, United Kingdom.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet investments for investors, traveled to the United Kingdom according to a well-planned schedule to conduct an on-site verification of the broker CFD Reserve, which claims to be located at 16 St James’s St, London SW1A 1ER, United Kingdom.

The verification personnel successfully arrived at the target building. The building is located in the central area of London, surrounded by a strong commercial atmosphere and a bustling environment. The building's decor is good, appearing overall high-end and impressive. However, no company signage or related information for CFD Reserve was found on the exterior of the building.

The verification personnel checked the nameplate situation at the building entrance.

The verification personnel entered the building lobby. After stating their purpose to the security guard, they successfully obtained permission to enter. Upon entering the building, the verification personnel found that there was a company directory inside, but upon careful inspection, there was no information for CFD Reserve on the directory.

The verification personnel further inquired with the front desk staff, who explicitly stated that they had no knowledge of this company at all.

Since it was impossible to ascertain the specific floor where CFD Reserve was located, the verification personnel were unable to reach the specific floor and confirm its exact location, and naturally could not enter the company's interior. Also, this office space was not a shared office.

Because they could not enter the interior, they were unable to observe the company's internal office environment and other conditions.

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

Conclusion

The on-site inspection team visited the forex broker CFD Reserve in the UK as planned. At its publicly displayed business address, they were unable to see any 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.