Reasons for Field Survey

Leveraging its strengths in tourism and international trade, Thailand's foreign exchange market has steadily grown, becoming a vital component of Southeast Asia's financial landscape and attracting numerous international financial institutions. To help investors accurately understand the actual performance of brokers in the region and mitigate the risks associated with information bias, a field research team conducted a field visit to Bangkok, Thailand.

Field Survey Process

This time, the inspection team traveled to Bangkok as planned to verify the address of the foreign exchange broker Glanco Trades, whose publicly listed office address is 9 S Sathon Rd, Thung Maha Mek, Sathon, Bangkok 10120, Thailand.

Upholding a sense of responsibility to verify the authenticity of the address for investors, the professional inspection team, after pre-planning their route, used navigation to navigate to the target area based on the publicly listed address and conduct on-site verification.

After following the navigation instructions to the marked address, the inspection team discovered that the site was not an office building, but the German Embassy in Thailand. There was no corporate campus or office-related facilities. The inspection team captured panoramic photos of the embassy building, but the building is a diplomatic facility, not a commercial office.

Because the venue is an embassy, the inspection team was unable to enter the lobby and, therefore, could not verify the company signage within the building. They were also unable to reach the specific floor, confirm the office location, or enter the company. Furthermore, they were unable to capture any photos of the reception desk or logo associated with Glanco Trades. Furthermore, the venue is exclusively for diplomatic purposes and not a shared office.

The on-site surveyor further verified the accuracy of the navigation address, repeatedly comparing 9 S Sathon Rd with the on-site address. While the address was correct, the location attributes were completely inconsistent. No traces of Glanco Trades' office or signs were found in the surrounding area.

Therefore, the on-site survey confirmed that Glanco Trades does not exist at the publicly listed address.

Field Survey Summary

The surveyors visited the Glanco Trades as planned. They could not find the broker's company name and other information at its publicly displayed business place, indicating that the broker does not have a real business location. Investors are advised to consider this information comprehensively before making decisions.

Field Survey Disclaimer

The above content and opinions are for reference only and should not serve as a basis for any final decision.