Purpose

The German forex market is a mature foreign exchange market formed through long-term financial development, characterized by a high degree of openness and standardization, and occupies an important position in the European and even global forex markets. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site verification team traveled to Germany for on-the-ground visits.

Process

This time, the on-site inspection team went to Germany as planned to visit the forex broker OH JY Coin. According to public information, its office address is Köpenicker Str. 65, 10179 Berlin.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, traveled to Germany according to a meticulous plan to conduct a physical verification of the trader OH JY Coin claiming to be located at Köpenicker Str. 65, 10179 Berlin.

The inspectors successfully arrived at the area of the address. The surrounding environmental conditions and overall atmosphere of the location are difficult to accurately describe due to the company's non-existence. On the exterior of the building, no company logo or related information for this trader was found.

The inspectors entered the ground floor of the building and stated their purpose to the security guard. Since there was no information whatsoever about the company within the building, permission to enter was not granted.

Because they were unable to enter the building to obtain floor information, they could not reach the target floor to confirm the situation of OH JY Coin's office area. There were neither clear identifiers nor any security measures in place. Since no company-related information was found from the outset, entry into the company's interior was impossible, and the address was not a shared office space.

Through the public areas of the building, as there were no leads pointing to the company, it was impossible to observe the company's internal environment, decoration style, employee activities, etc. Overall, there was no basis to judge whether it matched its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that trader OH JY Coin does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the foreign exchange broker OH JY Coin in Germany as planned. At its publicly displayed business address, they were unable to see any information such as the company name of the broker, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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