Purpose

The UK foreign exchange market is one of the world's major forex markets formed through a long process of financial development. It is characterized by a long history, vast trading scale, and a rich variety of trading products, holding a key position in international forex trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the fact-finding team visited the UK for on-site inspections.

Process

This time, the survey team went to the UK as planned to visit the forex broker Expert IQ Trade in person. According to public information, its office address is 1 St. Katharine’s Way London, London, England, UNITED KINGDOM, E1W 1UN.

A professional and experienced site visit team, with a mission to rigorously screen for investors, followed a well-planned itinerary to the United Kingdom. They conducted an on-site inspection of the broker Expert IQ Trade, claimed to be located at 1 St. Katharine’s Way London, London, England, UNITED KINGDOM, E1W 1UN.

The site visit personnel arrived at the target building smoothly. The location is in a specific area of London, England, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no signage or related information of the company was found outside the building.

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

However, upon reaching the target floor, no obvious signage of the office area of Expert IQ Trade was found. Since the building itself did not contain any related information about the company, the site visit personnel could not confirm its specific location, nor could they enter the interior. Moreover, they could not take photos of the front desk or its logo, and the office area was not a shared office.

Through the glass door, as they could not enter the company, they could not observe the internal environment of the company. After arriving, they confirmed the address, but found no information about the broker. Inquiring with the security guard revealed that there was no such company, leading to the conclusion that it was fraudulent.

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

Conclusion

The field survey personnel went to the UK to visit the forex broker Expert IQ Trade as planned. At its publicly displayed business address, they could not see the broker's company name or other information, indicating that the broker does not have a real business location. Investors are advised to make their decision after comprehensive consideration.

Disclaimer

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