Purpose

The UK foreign exchange market is a long-established and highly developed international forex market. Since the formation of the modern financial system, it has held a significant position in the global forex market due to its mature regulatory framework, diverse trading products, and substantial trading volume. To assist investors or practitioners in gaining a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in the UK.

Process

The on-site inspection team visited the UK as scheduled to conduct a field survey of the forex broker VELOCITY TRADE. According to publicly available information, its office address is "2nd Floor, Queens House 8 - 9 Queen Street London EC4N 1SP UNITED KINGDOM".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to the target area in the UK to conduct an on-site verification of the broker VELOCITY TRADE claimed to be located at the aforementioned address.

The inspector successfully arrived at the target building, which is located on Queen Street in London, with bustling surrounding streets and a strong commercial atmosphere. However, no company signage or related information for VELOCITY TRADE was found on the exterior of the building.

The inspector attempted to locate the building's entrance to access the lobby, but unfortunately, the office building's entrance was not found. Additionally, according to Google Maps, the target address is displayed as a shared office space.

Since access to the building is not possible, it is also impossible to reach the target floor to check for VELOCITY TRADE office area signage or security measures, let alone enter the interior or photograph the reception desk and its logo.

Therefore, after on-site verification, it is confirmed that the broker VELOCITY TRADE does not exist at the above address.

Conclusion

The inspection team visited the UK as planned to conduct an on-site investigation of the forex broker VELOCITY TRADE. At the publicly displayed business address, no information such as the company name of the broker was found, 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 decision-making.