Purpose

The German foreign exchange market is a mature market that has developed in modern times, characterized by large trading volumes, diverse market participants, and strict regulation. It holds a significant position in both the European and global foreign exchange markets, with numerous international financial institutions and investors conducting forex trading there. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, our team conducted on-site visits in Germany.

Process

The team visited the forex brokerSinaracorp in Germany as planned. According to public information, their office address is Bockenheimer Landstraße 51, 60325 Frankfurt am Main, Germany.

A professional and experienced team, driven by a sense of mission to rigorously vet investment opportunities, meticulously planned and traveled to Germany to conduct an on-site verification of the trading firm Sinaracorp claiming to be located at Bockenheimer Landstraße 51, 60325 Frankfurt am Main, Germany.

The team has successfully arrived at the target building, which is located in a bustling area of Frankfurt with a vibrant surrounding environment and strong commercial atmosphere. However, no company logo or relevant information of Sinaracorp was found on the exterior of the building.

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

However, the on-site inspectors were prohibited from going upstairs, thus unable to reach the target floor to verify the relevant situation. No clear signage or security measures were observed in Sinaracorp's office area, and it couldn't be determined whether it was a shared office space. Additionally, they failed to photograph the reception desk and its LOGO.

Observation of team common areas cannot provide insights into the company's internal environment and other conditions.

Therefore, after on-site verification, it has been confirmed that broker Sinaracorp does not exist at the aforementioned address.

Conclusion

The team visited Germany as planned to conduct an on-site inspection of the forex broker Sinaracorp. At the publicly displayed business address, they were unable to find any information such as the company name of the broker, 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 used as the sole basis for final decision-making.