Purpose

The UK foreign exchange market is a mature forex market formed through long-term development, characterized by a long history, large trading volume, and numerous participants. It plays an important role in global forex trading and is one of the core hubs of international forex trading. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the fact-checking team went to the UK for an on-site visit.

Process

This on-site investigation team planned to travel to the UK to physically visit the forex broker Spreadex. According to public information, its office address is 24th floor, One Canada Square, Canary Wharf, London E14 5AB.

A professional and experienced site visit team, with a sense of mission to strictly scrutinize for investors, traveled to the UK according to a meticulous plan. They conducted an on-site verification of the broker Spreadex claiming to be located at 24th floor, One Canada Square, Canary Wharf, London E14 5AB.

The site visit team arrived at One Canada Square, which is located in London's financial center Canary Wharf, with a bustling surrounding environment and strong commercial atmosphere. However, no company signage or related information of Spreadex was found outside the building.

The site visit team entered the building lobby and explained their purpose to the security guard. After communication, they obtained permission to enter.

After arriving at the target floor, the 24th floor, the site visit team found no obvious signage for Spreadex's office area, nor any corresponding security measures. Since no information about the company was found in the building, the site visit team could not confirm its specific location and thus could not enter the interior. Furthermore, they were unable to photograph the reception desk and its logo, and the office was not a shared office.

Through the glass door, unable to enter, the site visit team could not observe the company's interior environment. Upon arrival, they confirmed it was the address but found no information about the broker. After inquiring with the security guard, they were told there was no such company, concluding it was fraudulent.

Therefore, after the site visit, it was confirmed that the broker Spreadex does not exist at the above address.

Conclusion

The due diligence team visited the forex broker Spreadex in the UK as planned, but did not see the broker's company name or other information at its publicly displayed business address, indicating that the broker does not have a real business premise. Please make your decision after comprehensive consideration.

Disclaimer

The above content and views are for reference only and are not the basis for final decisions.