Purpose

The UK foreign exchange market is a long-established and highly developed international forex market. Since the establishment of the modern financial system, it has held an important position, with a mature regulatory system and huge trading volume. To help investors or practitioners better understand the forex brokers in this region, the onsite inspection team went to the UK for a field visit.

Process

In this issue, the field inspection team went to the United Kingdom as planned to conduct an on-site visit to the forex broker ALtex ALX Trade. According to public information, its office address is 2 The Priory Queensway, Birmingham B4 7LJ.

A professional and experienced site visit team, with a mission to strictly screen for investors, followed a meticulous plan and traveled to the United Kingdom. They conducted an on-site verification of the broker ALtex ALX Trade, which claims to be located at 2 The Priory Queensway, Birmingham B4 7LJ.

The surveyors successfully arrived at the target building, located in a specific area of Birmingham, UK. The surrounding environment was relatively bustling with a strong commercial atmosphere. However, no company signage or relevant information of the broker was found on the exterior of the building.

The surveyors entered the building's lobby and stated their purpose to the security guard. After a brief communication, they obtained permission to enter.

However, after arriving at the target floor, no obvious signage or security measures were found for the office area of ALtex ALX Trade. Since there was no information about the company in the building, it was impossible to confirm its specific location or enter the interior. Moreover, they were unable to photograph the front desk or its logo, and the office area was not a shared office.

Through the lobby area, due to inability to enter the company's interior, they could not observe the internal environment, decoration style, or employee activities. Upon arrival, they confirmed the address, but found no information about the broker. Upon inquiry, the security guard informed them that this company does not exist, leading to the conclusion that it is fraudulent.

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

Conclusion

The surveyors went to the UK to conduct an on-site visit of forex broker ALtex ALX Trade as planned. 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 make their decisions after comprehensive consideration.

Disclaimer

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