Purpose

The UK foreign exchange market is a historic and highly developed international forex market. Since modern times, it has become one of the core hubs of global forex trading thanks to its superior geographical location, well-established financial system, and rich trading experience, occupying a pivotal position in the global forex market. In order to help investors or practitioners gain a more comprehensive understanding of forex dealers in this region, the on-site inspection team traveled to the UK for a field visit.

Process

The team of investigators went to the UK as planned to conduct an on-site visit to forex broker Elite Trade. According to publicly available information, its office address is 128 CITY ROAD, LONDON, EC1V2NX.

A professional and experienced site visit team, with a sense of mission to strictly vet for investors, went to the UK according to a well-planned schedule. They conducted an on-site verification of the broker Elite Trade, which claims to be located at 128 CITY ROAD, LONDON, EC1V2NX.

The team arrived at the target building, which is located in a bustling area of London with heavy traffic and a strong commercial atmosphere. However, no company logo or any relevant information of Elite Trade was found on the exterior of the building.

The team entered the building lobby, stated their purpose to the security guard, and after a brief communication, obtained permission to enter.

However, no company directory board for Elite Trade was seen inside the building. Since the specific floor of the company could not be determined, they were unable to reach the claimed target floor to confirm its exact location. Naturally, they could not enter the company premises, nor could they take photos of the front desk and its logo. This office space was not a shared office.

From the lobby area, since they could not enter the company, they were unable to observe the internal office environment. After arriving, they confirmed the address, but found no information about this broker. When asked, the security guard said there was no such company, leading to the conclusion that it was fake.

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

Conclusion

The survey team visited the foreign exchange broker Elite Trade in the UK as planned. At the 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 premises. Investors are advised to consider comprehensively before making a decision.

Disclaimer

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