Purpose

The German forex market is a mature foreign exchange market that has developed in modern times. As one of Europe's important financial centers, the German forex market is characterized by large trading volume, numerous participants, and strict regulatory oversight. It holds a significant position in global foreign exchange trading, with many international financial institutions and investors conducting business here. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Germany for field visits.

Process

The on-site inspection team visited the forex broker Barakah Brokers in Germany as planned. According to public information, its office address is Fasanenstraße 85, 10623 Berlin, Germany.

A professional and experienced on-site verification team, driven by a sense of mission to strictly safeguard investors, proceeded to Germany according to a well-planned schedule to conduct an on-site verification of the broker Barakah Brokers claiming to be located at Fasanenstraße 85, 10623 Berlin, Germany.

The verification personnel successfully arrived at the target address and confirmed it was the correct address, but discovered it was actually a local trade union. The surrounding environment was relatively quiet, with a moderate commercial atmosphere. No company signage or related information was found on the exterior of the building.

The verification personnel entered the building lobby and stated their purpose to the security guard or staff. After communication, they obtained permission to enter. However, no directory board for the company was found inside the building, nor was the company's LOGO seen.

Since specific floor information for the company could not be obtained within the building, it was impossible to reach the specific floor and confirm the exact location. Naturally, they could not enter the company's interior, and it was not a shared office. From the lobby area, as they could not enter the company's interior, they were unable to observe the internal office environment and other conditions. After inquiring at the reception, no information about this broker was found.

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

Conclusion

The on-site inspection personnel visited the forex broker Barakah Brokers in Germany 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 choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the basis for final selection.