Purpose

The UK foreign exchange market is a globally important forex market that has developed in modern times, characterized by a long history, large trading volume, and numerous market participants. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the survey team conducted an on-site visit to the UK.

Process

The on-site inspection team visited the forex broker CAPITALTRADE in the UK as planned, and according to public information, its office address is Suite 12, 2nd Floor, Queen's House, 180 Tottenham Court Road, London.

A professional and experienced on-site inspection team, with a sense of mission to strictly vet for investors, went to the UK according to a meticulous plan. They conducted a field verification of the broker CAPITALTRADE claiming to be located at Suite 12, 2nd floor Queen's house, 180 Tottenham court road, London.

The inspectors arrived at the target building smoothly, located at 180 Tottenham Court Road, London. The surrounding area is bustling with a strong commercial atmosphere. However, no sign or related information of the company was found outside the building.

The inspectors entered the building lobby and explained their purpose to the security guard. After communication, they obtained permission to enter.

However, after reaching the target floor, no obvious signage or security measures were found for the office area of CAPITALTRADE. Since there was no company directory listing the company in the building and no relevant logo was found, the inspectors could not confirm its exact location. At the same time, they could not photograph the front desk or its logo, and the office was not a shared office.

After arriving, the inspectors confirmed the address, but found no information about the broker CAPITALTRADE. When asked, the security guard informed them that this company did not exist, leading to the conclusion that it is fraudulent.

Therefore, after the on-site inspection, it was confirmed that the broker CAPITALTRADE does not exist at the above address.

Conclusion

The verification team could not see the company name or other information of this broker CAPITALTRADE at its publicly displayed business address, indicating that this broker does not have a real business premises. Investors should make a decision after comprehensive consideration.

Disclaimer

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