Purpose

The UK foreign exchange market is a highly mature and internationalized market formed through a long-term development process, characterized by large trading volume, a rich variety of trading products, and a diverse range of market participants. As one of the important global centers for foreign exchange trading, it holds a pivotal position in the international financial field. To help investors or practitioners gain a more comprehensive understanding of UK forex brokers, the on-site inspection team traveled to the UK for on-the-ground visits.

Process

The on-site inspection team went to the UK as planned to conduct an on-site visit to the forex broker BitsProfit. According to public information, its office address is 86 - 90 Paul St, London EC2A 4NE.

A professional and experienced site visit team, driven by a sense of mission to rigorously vet for investors, proceeded to the target area in the UK according to a well-planned schedule. They conducted on-site verification of the broker BitsProfit, which claims to be located at the aforementioned address.

The on-site visit personnel arrived at the target building, located in a specific area of London, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company signage or related information for BitsProfit was found on the exterior of the building.

The site visit personnel attempted to enter the lobby of the building and explained their purpose to the security guard. However, the security guard informed them that there was no such company and they could not obtain entry permission. Looking inside the building, there was no directory plaque or other information for this company.

Therefore, the site visit personnel could not confirm the specific location or enter the interior. Due to the inability to enter the building, they could not photograph the office area and reception desk of BitsProfit, and the office area was not a shared office either.

Through the glass door, as they could not enter the interior, the site visit personnel could not observe the company's internal environment, and found no information about this broker, concluding it was false.

Therefore, after the site visit, it was confirmed that the broker BitsProfit does not exist at the aforementioned address.

Conclusion

The field investigator visited the forex broker BitsProfit at its publicly displayed business address as planned, but did not see any information such as the company name of this broker, indicating that this 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 basis for final selection.