Purpose

The UK foreign exchange market is a long-established and highly developed international forex market. Since the establishment of the modern financial system, it has become one of the core hubs for global foreign exchange trading, leveraging its unique geographical location, well-developed financial infrastructure, and mature regulatory framework. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site verification team conducted field visits in the UK.

Process

This time, the on-site inspection team went to the United Kingdom as planned to conduct an on-site visit to the forex broker EXTREME TRADE. According to public information, its office address is 1 Knightsbridge Green, London, SW1X 7QA, United Kingdom.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, followed a well-planned itinerary and traveled to the United Kingdom to conduct a physical verification of the broker EXTREME TRADE claiming to be located at 1 Knightsbridge Green, London, SW1X 7QA, United Kingdom.

The inspectors successfully arrived at the target building. Located in the heart of central London, it is a decently decorated office building situated on a very upscale street with a strong commercial atmosphere in the surrounding area. However, no signage or relevant information of the company was found on the exterior of the building.

The inspectors entered the building lobby and, after stating their purpose to the security guard, were granted permission to enter.

Upon entering the building, it was found that there was a company directory inside, but the directory did not display information for EXTREME TRADE. There were other financial companies listed in the building, but it could not be confirmed whether the company was associated with any of the financial firms on the directory.

Since the company information could not be found on the directory, the specific floor could not be determined. Consequently, the inspectors were unable to reach the specific floor and confirm the exact location, and naturally could not enter the company's interior. The office was also not a shared workspace.

Therefore, after the on-site inspection, it was confirmed that broker EXTREME TRADE does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker EXTREME TRADE in the UK as planned. At its publicly displayed business address, no information such as the broker's company name could be seen, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.