Purpose

The UK foreign exchange market is one of the world's important foreign exchange markets formed through a long historical development process, characterized by large trading scale, a rich variety of trading products, and numerous market participants. As an international financial center, it holds a key position in global foreign exchange trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the team conducted on-site visits in the UK.

Process

This period's team went to the UK as planned to conduct on-site visits to forex brokers20TRADES. According to publicly available information, their office address is World Trade Centre Tower 42, 25 Old Broad Street, London, London City, United Kingdom.

A professional and experienced team, driven by a sense of mission to rigorously vet for investors, followed a meticulously planned itinerary and traveled to the target area in the UK to conduct an on-site verification of the broker 20TRADES claimed to be located at this address.

The team successfully arrived at the target building, located in the core financial district of London City, with a bustling surrounding environment and a strong commercial atmosphere. However, no company signage or related information for 20TRADES was found on the exterior of the building.

The team entered the building lobby and explained their purpose to the security guard. After communication, permission to enter was granted.

However, no company directory plate or logo for 20TRADES was found inside the building. The security guard informed them that there was no such company, and the specific floor and location could not be confirmed. Due to the lack of relevant information, the team could not enter the company's interior, naturally unable to photograph its reception area and logo, and the office was not a shared office.

Through the lobby area, as they could not go upstairs, they could not observe the company's internal environment and found no information about this broker, concluding it was false.

Therefore, after the on-site verification, it was confirmed that the broker 20TRADES does not exist at the aforementioned address.

Conclusion

The team visited the forex broker 20TRADES at its publicly displayed business address in the UK as planned, but failed to see the broker's company name or other information at that location, indicating that the broker does not have a genuine physical 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 sole basis for final selection.