Purpose

The UK foreign exchange market is a long-established and highly developed international forex market, occupying an important position in global forex trading. It possesses a mature financial system and sound regulatory mechanisms. In order to help investors or practitioners gain a more comprehensive understanding of forex dealers in this region, the field inspection team traveled to the UK for an on-site visit.

Process

This time, the field team went to the UK as planned to conduct an on-site visit to forex broker Onyx TCS. According to public information, its office address is 8 Cardigan St, Birmingham B4 7BD, Great Britain.

A professional and experienced verification team, with a sense of mission to strictly check for investors, traveled to the UK according to a carefully planned schedule. They conducted an on-site inspection of the broker Onyx TCS claiming to be located at 8 Cardigan St, Birmingham B4 7BD, Great Britain.

The verification personnel arrived smoothly at the area of the target address. The surrounding environment of the location is difficult to describe in detail because the broker's office does not exist. No company signage or related information was found outside the building.

The verification personnel entered the lobby of the building, stated their purpose to the security guard, and after communication, obtained permission to enter. However, no company directory listing or logo was found inside the building.

Since the specific floor and location could not be confirmed, the verification personnel could not go to the specific floor to confirm the broker's office area. Because no information about the broker was found, they could not enter the company interior, let alone take photos of the front desk and its logo. The office space was not a shared office either.

Since they could not enter the company interior, they could not observe the internal environment, decoration style, or employee activities. After arriving, they confirmed the address, but found no information about the broker. Upon inquiry, the security guard informed them that the company did not exist, leading to the conclusion that it was fake. The overall situation did not match its claimed location.

Therefore, after verification, it was confirmed that the broker Onyx TCS does not exist at the above address.

Conclusion

The field surveyor went to the UK as planned to visit forex broker Onyx TCS in person. At its publicly displayed business address, the broker's company name and other information were not visible, indicating that the broker does not have a real business premises. Investors are advised to consider all factors before making a decision.

Disclaimer

The above content and opinions are for reference only and do not serve as the basis for final decisions.