Purpose

The UK foreign exchange market is one of the globally important foreign exchange markets formed through a long historical development. It is characterized by large trading scale, rich trading varieties, and numerous market participants. It occupies a key position in global foreign exchange trading and is the focus of attention for many investors and practitioners. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the survey team went to the UK for an on-site visit.

Process

This time, as planned, we went to the UK to visit the forex broker HFM in person. According to public information, its office address is Bloomsbury Building 10 Bloomsbury Way, Holborn, London, England, WC1A 2SL.

A professional and experienced team, with a sense of mission to strictly vet for investors, followed a meticulous plan to travel to the target area in the UK to conduct an on-site verification of the broker HFM claiming to be located at the above address.

Arrived smoothly at the target building, located in the Holborn area of London, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company sign or related information for HFM was found outside the building.

After entering the building lobby, stated the purpose to the security guard. After communication, obtained entry permission. On the directory board inside the building, there was no information or logo of this company.

Due to the lack of relevant guidance for this company, it was impossible to determine the target floor, let alone reach the specific floor to confirm the exact location. The office is also not a shared office.

From the lobby, the internal office environment of the company could not be observed, and no information about this broker was found, leading to the judgment that it is false.

Therefore, after the site visit, it was confirmed that broker HFM does not exist at the above address.

Conclusion

According to the plan, a visit was made to the foreign exchange broker HFM at its business address. The broker's company name or other information was not visible at the disclosed location, indicating that the broker does not have a genuine place of business. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

The above content and views are for reference only and do not serve as a basis for final decisions.