Purpose

The UK foreign exchange market is a long-established and highly developed international forex market, holding a significant position since the establishment of the modern financial system, with mature trading mechanisms and substantial trading volumes. To assist investors or practitioners in gaining a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in the UK.

Process

The inspection team visited the forex broker MONSTRADE in the UK as scheduled. According to public information, its office address is 128 City Road, London, United Kingdom, EC1V 2NX.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to the UK to conduct an on-site verification of the trader MONSTRADE purportedly located at 128 City Road, London, United Kingdom, EC1V 2NX.

The inspector successfully arrived at the target building, which is located on City Road in London, with a relatively average commercial atmosphere in the surrounding area. However, according to the address indicated by Google Maps, the building reached is an eye hospital, and no company logo or related information for MONSTRADE was found on the exterior of the building.

The field investigator attempted to enter the lobby and explained their purpose to the security personnel. However, since the building is an eye hospital and not the office premises claimed by the trader, permission to enter was not granted.

Since access to the building is impossible, it is also impossible to reach the target floor to confirm the office area situation of MONSTRADE, let alone determine whether there are obvious signs or security measures, nor can we enter the interior. Naturally, it is impossible to take photos of the reception area and its logo, and this location is not an office.

Through the exterior of the building, the inspectors observed facilities and personnel activities related to an eye hospital, with the overall environment completely inconsistent with the positioning claimed by the trader.

Therefore, after on-site verification, it is confirmed that the broker MONSTRADE does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker MONSTRADE in the UK as planned. The broker's company name and other information were not found at the publicly displayed business address, indicating that the broker does not have a genuine operational location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be considered as the final basis for decision-making.