Purpose

The UK foreign exchange market is a long-established and highly developed international foreign exchange market, occupying a crucial position in global foreign exchange trading. Leveraging London's advantage as an international financial center, the UK foreign exchange market features characteristics such as large trading volume, a rich variety of trading products, and diverse market participants. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in the UK.

Process

The on-site inspection team visited the forex broker NovasTrade in the UK as planned. According to public information, its office address is 25 Cabot Square London E14 4QA UNITED KINGDOM.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, traveled to the United Kingdom according to a well-planned schedule to conduct a physical verification of the broker NovasTrade, which claims to be located at 25 Cabot Square London E14 4QA UNITED KINGDOM.

The inspectors successfully arrived at the area of the target address. The surrounding environment is relatively bustling with a strong commercial atmosphere. However, after searching around the target address, the inspectors did not find any company signage or related information for NovasTrade on the exterior of these buildings.

The inspectors attempted to enter the specific building but could not determine the target building for the company.

As they were unable to enter the building, they could not reach the target floor or confirm whether there was clear signage in NovasTrade's office area. Furthermore, this office is not a shared workspace.

Overall, no information related to this company was seen, and the overall situation does not match its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that broker NovasTrade does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker NovasTrade in the UK as planned. At its publicly displayed business address, no information such as the company name of this broker could be seen, indicating that this 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.