Purpose

The UK foreign exchange market is a long-established and highly developed international forex market. Since the establishment of the modern financial system, it has consistently been one of the core global hubs for foreign exchange trading, leveraging its advantageous geographical location, well-developed financial infrastructure, and abundant financial talent resources. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site verification team conducted field visits in the UK.

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 Extreme Traders Group. According to publicly available information, its office address is 86 Queen Victoria Street, London, EC4V 4AB, United Kingdom.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, traveled to the United Kingdom according to a well-planned schedule to conduct a physical verification of the broker Extreme Traders Group, which claims to be located at 86 Queen Victoria Street, London, EC4V 4AB, United Kingdom.

The inspectors successfully arrived at the target building. According to the location marked on Google Maps, the building is number 30, not number 86. The building is situated in a relatively bustling area of the locality, with a strong commercial atmosphere, busy streets, and numerous financial institutions and commercial shops. However, no company logo or relevant information for Extreme Traders Group was found on the exterior of the building.

The inspectors entered the building lobby and explained their purpose to the security guard. The guard assisted by checking the company's information on Google Maps, confirming that the marked location was indeed this building, but stated he had never heard of this company. After communication, the inspectors were unable to obtain entry permission.

Due to the inability to enter the building, it was impossible to reach the target floor to confirm the specific location, let alone see whether Extreme Traders Group's office area had clear signage or security measures. Furthermore, there was no situation of a shared office space.

From the public areas, it was also impossible to observe the company's internal environment and other conditions.

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

Conclusion

The on-site investigator visited the forex broker Extreme Traders Group in the UK as planned. At its publicly displayed business address, no information such as the broker's company name could be seen, 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.