Purpose

The UK foreign exchange market is a long-established and highly developed international forex market that has held a significant position in global forex trading since the establishment of the modern financial system. It is characterized by large trading volumes, a wide variety of currencies, and diverse market participants, making it one of the core hubs of global forex trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, our team conducted on-site visits in the UK.

Process

This week, the team is scheduled to visit a foreign exchange broker in the UK for an on-site inspectionPhyxTradeLtd. According to publicly available information, their office address is 32 London Bridge St, London, United Kingdom, SE1 9SG.

A professional and experienced team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to the UK to conduct an on-site verification of the trader claiming to be located at 32 London Bridge St, London, United Kingdom, SE1 9SG PhyxTradeLtd.

The team has successfully arrived at the target building, which is located near the train station at the Shangri-La Hotel. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company logos or related information were found on the exterior of the building.

The team entered the first floor of the building, where there were two restaurants. Photography was not allowed inside the premises. The team explained their purpose to the security personnel but failed to obtain permission to proceed further.

Due to the inability to enter the building, it was impossible to reach the target floor to confirm the office area situation of PhyxTradeLtd, let alone determine whether there were any clear signs or security measures. Since access was denied, it was not possible to photograph the reception desk or its logo, and the office in question is not a shared workspace.

Through the glass doors of the building, it is still impossible to observe the internal environment of the company. Overall, it is uncertain whether the company is truly located here, despite the fact that this is a very luxurious office building. There is no signage information to confirm the company's presence.

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

Conclusion

The team visited the UK as planned to conduct an on-site inspection of the forex broker PhyxTradeLtd. At the publicly displayed business address, no information such as the broker's company name 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 considered as the final basis for decision-making.