Purpose

The German forex market is a mature foreign exchange market that has developed in modern times, boasting a long financial history and a comprehensive regulatory system. It occupies an important position in European and even global forex trading, with high trading activity and strong market transparency. 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

In this on-site inspection, the team visited the German forex broker Best Broker Trade as planned. According to public information, its office address is Factory Berlin Görlitzer Park.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, traveled to Germany according to a well-planned schedule to conduct an on-site verification of the broker Best Broker Trade, which claims to be located at Factory Berlin Görlitzer Park.

The verification personnel successfully arrived at the area of the address. The surrounding environment is relatively lively, but the commercial atmosphere is average. However, no company signage or relevant information for this broker was found on the exterior of the building.

The verification personnel attempted to enter the building lobby and explained their purpose to the security guard. However, after communication, permission to enter was not granted.

Due to the inability to enter the building, it was impossible to reach the target floor to confirm the situation of Best Broker Trade's office area. They could neither check if the office area had clear signage or security measures, nor enter the interior. At the same time, they could not photograph the reception desk and its LOGO, and the office premises were not a shared workspace.

From outside the building, the verification personnel could not observe the company's internal environment and other conditions. No information regarding this broker was found, leading to the judgment that it is false.

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

Conclusion

The on-site inspector visited the foreign exchange broker Best Broker Trade in Germany as planned. At its publicly displayed business address, no information such as the company name of this broker could be seen, indicating that this 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 final basis for selection.