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, its forex market features active trading and robust regulations. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Germany.

Process

The on-site inspection team visited the forex broker SCV LIMITED in Germany as planned. According to public information, its office address is Neue Mainzer Str. 57 - 59, Junghofstraße 27, 60311 Frankfurt am Main, Germany.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, traveled to Germany according to a well-planned itinerary. Based on the aforementioned information, they conducted an on-site visit to the broker SCV LIMITED.

The inspection personnel proceeded to the target area based on the address information to conduct an on-site verification of the trading firm SCV LIMITED claiming to be located at Neue Mainzer Str. 57 - 59, Junghofstraße 27, 60311 Frankfurt am Main, Germany.

The inspection personnel successfully arrived at the target address. Upon arrival, they confirmed it was the correct location and compared it with Google Maps, discovering that the map displayed photos from several years ago. Currently, the original building has been demolished and is under reconstruction. Due to the ongoing construction, it's impossible to properly assess the surrounding environment or commercial atmosphere that previously existed at this location. No company signage or relevant information was found at the original building site since the structure no longer exists.

The inspector could not enter the original building's lobby because the structure is undergoing demolition and reconstruction, making any building entry registration procedures non-existent.

Since the original target floor cannot be reached, there are no clear signs of the company's office area. The field investigator cannot enter the interior, nor can they photograph the reception desk or the logo at the reception. This address is not a shared office space.

Through the construction barriers, the inspectors saw a construction scene rather than the company's internal environment. The overall situation completely contradicts its claimed positioning.

Therefore, after on-site verification, it has been confirmed that the broker SCV LIMITED 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 SCV LIMITED. At the publicly displayed business address, they were unable to find any information indicating the broker's company name, confirming that the broker does not maintain a genuine physical office. Investors are advised to carefully consider this information before making any decisions.

Disclaimer

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