Purpose

The UK foreign exchange market is a long-established and highly developed international foreign exchange market that has held a significant position since the development of the modern financial system. It is renowned worldwide for its large trading volume, diverse range of trading instruments, and numerous market participants. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site verification team traveled to the UK for a field visit.

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 ApaxWealth. According to public information, its office address is 71 - 75 Shelton Street, Covent Garden, London United Kingdom.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded according to a meticulous plan to the United Kingdom to conduct a physical verification of the broker ApaxWealth claiming to be located at 71 - 75 Shelton Street, Covent Garden, London, United Kingdom.

The inspection personnel successfully arrived at the target building. The location is in the Covent Garden area, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company signage or related information for ApaxWealth was found on the exterior of the building.

The inspection personnel entered the building lobby and stated their purpose to the security guard. After communication, permission to enter was obtained.

Although entry into the building was possible, no company directory plate for ApaxWealth was found inside. As it was initially stated that this was a virtual office with no physical workspace, it was not possible to reach a specific floor, confirm the exact location, or enter the company's premises. Furthermore, this office was not a shared office space.

Through the public areas, it was not possible to observe the company's internal environment or other conditions. Overall, this location does not align with its claimed positioning of having an actual physical office.

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

Conclusion

The on-site inspector visited the forex broker ApaxWealth at its publicly displayed business address in the UK as planned. The broker's company name and other information were not visible at the address, indicating that the broker does not have a genuine physical business location. 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 final basis for selection.