Purpose

The UK foreign exchange market is one of the globally significant forex markets formed through a long-term financial development process. It is characterized by large trading volume, a rich variety of trading products, and numerous market participants, holding a pivotal position in international foreign exchange trading. To help investors or practitioners gain a more comprehensive understanding of UK forex brokers, the on-site inspection team traveled to the UK for an in-person visit.

Process

In this on-site inspection, the team went to the UK as planned to visit the forex broker Galaxy Capital Markets in person. According to publicly available information, its office address is 33 Holborn, London, England, EC1N2HT.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, followed a meticulous plan and traveled to the target area in the UK to conduct a physical verification of the broker Galaxy Capital Markets, which claims to be located at 33 Holborn, London, England, EC1N2HT.

The inspection personnel successfully arrived at the target building, which is located in a specific area of London with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company signage or relevant information for Galaxy Capital Markets was found on the exterior of the building.

The inspection personnel entered the building lobby and stated their purpose to the security guard. After communication, permission to enter was granted. Upon inquiry, the security guard stated there was no such company.

As no information about the company was found, the inspection personnel could not reach the target floor or enter the interior. No obvious signage for the Galaxy Capital Markets office area was found either, and they were unable to photograph its reception area or logo. The office area was not a shared workspace.

From the lobby, as they could not go upstairs, the inspection personnel were unable to observe the company's internal environment. No information about this broker was found, leading to the judgment that it is false.

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

Conclusion

The on-site inspector visited the forex broker Galaxy Capital Markets in the UK as planned. At its 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. Please consider this comprehensively before making your choice.

Disclaimer

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