Purpose

The French foreign exchange market is a mature market formed through a long-term process of financial development, with a rich history and a well-established regulatory framework. It holds a significant position in European and even global forex trading, characterized by active and diverse transactions. 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 France.

Process

The on-site inspection team visited the foreign exchange broker FlexTrade in France as planned. According to public information, its office address is 78, Rue de Richelieu, Paris, France 75002.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, traveled to France according to a well-planned schedule. Based on the aforementioned information, they conducted an on-site visit to the broker FlexTrade.

The field investigator proceeded to the target address based on the provided information to conduct an on-site verification of the broker claiming to be located at 78, Rue de Richelieu, Paris, France 75002FlexTrade.

The inspector successfully arrived at the target location, which appears to be in a relatively bustling area with a strong commercial atmosphere. However, no company signage or related information for FlexTrade was found on the exterior of the building.

The inspector arrived at the building and found the entrance on the first floor tightly closed, requiring a passcode for entry. To the left of the building was a café, and to the right was an exchange point. The inspector attempted to communicate with any potential staff members, but due to the locked entrance and the absence of any visible personnel to contact, permission to enter could not be obtained.

Since access to the building was not possible, the surveyor naturally could not reach the target floor to confirm the office area situation of FlexTrade, nor could they photograph the reception desk and its logo. Additionally, this office space is not a shared workspace.

Through the tightly closed door, the on-site inspectors were unable to observe the internal environment of the company, casting doubt on the authenticity of the address claimed by the trader.

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

Conclusion

The on-site investigator visited the foreign exchange broker FlexTrade in France as planned. The broker's company name and other information were not visible at the publicly displayed business address, indicating that the broker does not have a genuine operational premises. Investors are advised to make their choices after careful consideration.

Disclaimer

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