Purpose

The German foreign exchange market is a mature market that has developed in modern times, characterized by large trading volumes, numerous participants, and strict regulatory oversight. As one of Europe's important financial centers, Germany's foreign exchange market holds a significant position in the global financial system. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Germany for field visits.

Process

In this issue, the on-site inspection team visited the forex broker US iDeals in Germany as planned. According to public information, its office address is Breite Str. 22, 50667 Köln.

A professional and experienced on-site verification team, driven by a sense of mission to strictly vet for investors, traveled to Germany according to a meticulous plan to conduct a physical verification of the broker US iDeals claiming to be located at Breite Str. 22, 50667 Köln.

The verification personnel successfully arrived at the target shopping mall, which is located on a bustling street in the city center of Cologne, with a vibrant surrounding environment and a strong commercial atmosphere. There is a directory of the mall's tenants outside, but the information for US iDeals is not displayed on the directory.

The verification personnel entered the mall lobby and, after stating their purpose to the security guard, obtained permission to enter.

Since the address does not specify a specific floor, the verification personnel were unable to reach the target floor to confirm the specific location of US iDeals. Inside the building, no signage, directory, or company logo for the firm was found. As the specific location could not be determined, the verification personnel could not enter the company's premises, were unable to photograph the reception area of US iDeals, and this location was not a shared office space.

From the public areas of the mall, and due to the inability to enter the company's interior, it was impossible to observe the internal office environment. The overall situation does not align with the claimed positioning of having an office at this address.

Therefore, after the on-site verification, it is confirmed that the broker US iDeals does not exist at the aforementioned address.

Conclusion

On-site investigators visited the forex broker US iDeals 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 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.