Purpose

The UK foreign exchange market is a long-established and highly developed international forex market. Since modern times, it has become one of the core hubs of global foreign exchange trading by leveraging its superior geographical location, well-developed financial system, and extensive financial expertise. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in the UK.

Process

The on-site inspection team visited the forex broker iYM GLOBAL in the UK as planned. According to public information, its office address is 25 Old Broad St, London, EC2N 1HN.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded according to a well-planned schedule to the target area in the UK. They conducted a physical inspection of the broker iYM GLOBAL which claimed to be located at 25 Old Broad St, London, EC2N 1HN.

The inspectors successfully arrived at the target building. The location is in a bustling area of London, with a clean surrounding environment and a strong commercial atmosphere. However, no company signage or related information about this firm was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security personnel. After communication, they were granted permission to enter.

However, upon reaching the target floor, no office area or clear signage for iYM GLOBAL was found. The inspectors could not confirm its specific location and were unable to gain access to the interior. Since they could not enter the company, they were unable to photograph the reception area and logo of iYM GLOBAL. Furthermore, the office was not a shared workspace.

As they could not enter the company's interior, observations from public areas did not reveal the company's internal environment, style of decoration, or employee activities. No information regarding this broker was found. Inquiries made at the reception staff indicated the staff had not heard of the company, casting doubt on its authenticity.

Therefore, following the on-site inspection, it was confirmed that the broker iYM GLOBAL does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the foreign exchange broker iYM GLOBAL in the UK as planned. At its publicly displayed business address, no information, such as the broker's company name, was found, indicating that this 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 choice.