Purpose

The German forex market is a mature foreign exchange market formed through long-term financial development, characterized by a high degree of openness and activity, occupying an important position in the European and even global forex markets. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Germany.

Process

The on-site inspection team visited the forex broker KapitalXP in Germany as planned. According to public information, its office address is stock exchange 1, 60313 Frankfurt am Main, Germany.

A professional and experienced on-site inspection team, driven by a mission to rigorously safeguard investor interests, meticulously planned and traveled to Germany to conduct a physical verification of the broker KapitalXP claiming to be located at stock exchange 1, 60313 Frankfurt am Main, Germany.

The inspection personnel successfully arrived at the target building, which is located in a prime area of Germany's financial center with a bustling surrounding environment and strong commercial atmosphere.

However, no signage or relevant information about the company was found on the exterior of the building.

The inspector entered the building lobby and explained their purpose to the security personnel. After communication, the security guard stated they had never heard of the company, and the inspector was denied entry permission.

Due to the inability to enter the building, the field investigator could not reach the target floor and thus was unable to confirm whether KapitalXP has clear signage or security measures in its office area. The investigator failed to photograph the reception desk and its logo, and this office space is not a shared workspace.

The inspection personnel conducted observations outside the building and learned from conversations with the building management that they had never heard of the company, which casts doubt on the authenticity of the broker. Therefore, after the on-site inspection, it was confirmed that the broker KapitalXP does not exist at the aforementioned address.

Conclusion

The inspection team visited Germany as planned to conduct an on-site investigation of the forex broker KapitalXP. 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 considered as the final basis for selection.