Purpose

The UK foreign exchange market is one of the globally important foreign exchange markets formed over a long historical development. It has characteristics such as huge trading scale, rich trading varieties, and numerous market participants, occupying a pivotal position in global foreign exchange trading. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the survey team went to the UK for an on-site visit.

Process

The on-site investigation team plans to visit the forex broker Prime Trading in the UK as scheduled. According to public information, its office address is 95 Wilton Road, Pimlico, London, United Kingdom, SW1V 1BZ.

A professional and experienced site visit team, with a sense of mission to strictly vet for investors, traveled to the UK according to a careful plan. They conducted an on-site verification of the broker Prime Trading, which claims to be located at 95 Wilton Road, Pimlico, London, United Kingdom, SW1V 1BZ.

The site visit personnel arrived at the area of the target address. The commercial atmosphere around the location was average and relatively quiet. No signs or related information of the company were found outside the building.

The site visit personnel entered the building lobby, stated their purpose to the security guard, and obtained permission to enter. However, no company directory listing was found inside the building.

Since the specific floor and location could not be confirmed, the site visit personnel could not reach the target floor. So they could not see whether the office area of Prime Trading had obvious signage or security measures, let alone enter the interior. At the same time, they could not photograph the reception area or its logo. The office is not a shared office.

After arrival, it was confirmed that the address was correct, but no information about the broker was found. Only a store was seen, so it was judged to be false. Through the building lobby, the interior environment of the company could not be observed.

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

Conclusion

The site survey personnel went to the UK as planned to physically visit forex broker Prime Trading. At its displayed business address, the company name and other information of the broker could not be seen, indicating that the broker does not have a real business premises. Investors are advised to consider comprehensively and make a choice.

Disclaimer

The above content and views are for reference only and do not constitute final selection criteria.