Purpose

The German forex market is a mature foreign exchange market that gradually developed after World War II. As one of the important financial centers in Europe, the German forex market is characterized by its large trading volume, numerous participants, and a wide variety of trading products. It holds a significant position in the international foreign exchange market, with many international financial institutions conducting forex business there. To help investors or practitioners gain a more comprehensive understanding of forex brokers in Germany, the on-site inspection team went to Germany for a field visit.

Process

The on-site inspection team visited the forex broker Grand Level Markets in Germany as planned. According to public information, its office address is IHZ high-rise building, Friedrichstraße 95, 10117 Berlin.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, proceeded to Germany according to a well-planned schedule to conduct an on-site verification of the broker Grand Level Markets claiming to be located at IHZ high-rise building, Friedrichstraße 95, 10117 Berlin.

The verification personnel successfully arrived at the target building, which is located in a bustling area of Berlin with a clean surrounding environment and a strong commercial atmosphere. However, no company signage or related information for Grand Level Markets was found on the exterior of the building.

The verification personnel entered the building lobby, explained their purpose to the security guard, but after communication, failed to obtain permission to go upstairs. The building's internal directory did not contain any information about this company.

Consequently, it was impossible to reach the target floor to confirm the specific location, let alone discover whether the office area of Grand Level Markets had clear signage or security measures. Furthermore, it was not possible to photograph the reception area and its LOGO. This office space was not a shared office.

The verification personnel found no information whatsoever about this broker, judging it to be false. Therefore, after the on-site verification, it was confirmed that broker Grand Level Markets does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker Grand Level Markets in Germany as planned. At its publicly displayed business address, they were unable to see any information such as the broker's company name, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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