Purpose

The UK foreign exchange market is a long-established and highly developed international foreign exchange market. Since the development of the modern financial system, it has consistently been one of the core hubs for global foreign exchange trading, characterized by large trading volumes, a rich variety of trading products, and a diverse range of market participants. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to the UK to conduct field visits.

Process

The on-site inspection team visited the forex broker UNIGLOBE markets in the UK as planned. According to public information, its office address is 2 St Saviours Wharf, 23-25 Mill Street, SE1 2BE - London.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously screen for investors, proceeded to the United Kingdom according to a well-planned schedule to conduct a physical verification of the broker UNIGLOBE markets claiming to be located at 2 St Saviours Wharf, 23-25 Mill Street, SE1 2BE - London.

The inspectors successfully arrived at the target building. The location is in the central area of London; the street is not particularly bustling, but it is near the Tower Bridge. The surrounding commercial atmosphere is average. No signage or relevant information of the company was found on the exterior of the building.

The inspectors attempted to enter the building lobby but were unable to obtain access permission. Upon observation, there was no directory plate for the company inside the building, nor was the company's LOGO seen.

As entry into the building was not possible, reaching the specific floor and confirming the exact location was also impossible, let alone entering the company's premises. Furthermore, this office is not a shared workspace. Through the building's main door, the internal office environment of the company could not be observed.

The inspectors ultimately confirmed that the broker UNIGLOBE markets does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker UNIGLOBE markets in the UK as planned. At the publicly displayed business address, no information such as the company name of the broker could be seen, 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 views are for reference only and should not be used as the final basis for selection.