Purpose

The UK foreign exchange market is a globally significant foreign exchange market formed through a long-term development process, characterized by a high degree of internationalization and a mature financial system. It has a long history, a massive trading volume, numerous participants, and occupies a crucial 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 to conduct field visits.

Process

This time, the on-site inspection team went to the United Kingdom as planned to conduct a field visit to the forex broker BCICapitals. According to public information, its office address is 10 Paternoster Square, London, EC4M 7LS, 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 BCICapitals claiming to be located at 10 Paternoster Square, London, EC4M 7LS, United Kingdom.

The inspectors successfully arrived at the target building. The location is situated in a specific area of London, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company signage or related information for BCICapitals was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security personnel. After communication, they were granted permission to enter.

However, upon reaching the target floor, the inspectors found no clear signage indicating the office area of BCICapitals. Communication with security revealed that only the company LG is in this building, and it could not be confirmed whether BCICapitals was actually inside. As there was no definitive information indicating the company's presence there, the inspectors were unable to enter the so-called internal office area, and that office area was not a shared workspace.

From the lobby, the inspectors could not observe the company's internal environment or other conditions, making it difficult to judge overall whether it matched its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker BCICapitals in the UK as planned. At the 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.