Reasons for Field Survey

The Belarusian foreign exchange market is a vital component of Eastern Europe's financial landscape. Leveraging its solid industrial foundation in machinery manufacturing and chemicals, as well as its close economic and trade ties with neighboring countries, the country's foreign exchange trading business has steadily grown, attracting both international traders and local institutions. To help investors gain a thorough understanding of the true operational status of local forex brokers, a field research team conducted a special visit to Belarus.

Field Survey Process

This time, the inspection team traveled to Minsk, Belarus, as planned, to inspect the brokerage firm Elite Multiple Earning. Its publicly listed address is: 36/1 Internatsionalnaya street, office 823, 220030, the Republic of Belarus, Minsk.

The professional inspection team rigorously inspected the building and surroundings, taking panoramic photos from the exterior. While the building had basic office space, no signs of Elite Multiple Earning's operations were observed.

The surveyors subsequently entered the company lobby through the building's public entrance. However, they found no reference to the company name Elite Multiple Earning, nor any information related to Office 823. No signage related to the brokerage firm was found in the building, further raising doubts about the connection between the address and the brokerage firm.

The surveyors successfully reached the 8th floor and accurately located Office 823, but upon arrival, they discovered no signage related to the firm's name on the door. Furthermore, the surveyors contacted the 8th floor property management and the lobby receptionist, who both stated that they had no information regarding Elite Multiple Earning's occupancy registration and that Office 823 was not located there. Further investigations within the building and along Internatsionalnaya Street, including inquiries from surrounding businesses, office building owners, and local residents, revealed no trace of the brokerage firm, ruling out its presence near the target address.

Thus, the survey confirmed that Elite Multiple Earning did not exist at the aforementioned address.

Field Survey Summary

The surveyors visited the Elite Multiple Earning as planned. They could not find the broker's company name and other information at its publicly displayed business place, indicating that the broker does not have a real business location. Investors are advised to consider this information comprehensively before making decisions.

Field Survey Disclaimer

The above content and opinions are for reference only and should not serve as a basis for any final decision.