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 been at the core of global forex trading. It features large trading volumes, a wide variety of trading instruments, and diversified market participants, making it one of the important hubs of global forex trading. To help investors or practitioners gain a more comprehensive understanding of UK forex brokers, the on-site inspection team conducted a field visit to the UK.

Process

This issue's field investigation team planned to go to the UK to visit the forex broker Coinmarketfx. According to public information, its office address is 10 Paternoster Sq., London EC4M 7LS, United Kingdom.

A professional and experienced site visit team, with a mission to strictly scrutinize for investors, went to the UK according to a well-planned schedule. They conducted an on-site verification of the broker Coinmarketfx, which claims to be located at 10 Paternoster Sq., London EC4M 7LS, United Kingdom.

The site visit personnel arrived at the target building smoothly. This location is in a specific area of London, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company signage or related information of Coinmarketfx was found outside the building.

The site visit personnel entered the lobby of the building and explained their purpose to the security guard. After a brief communication, they obtained permission to enter.

However, inside the building, no directory listing for Coinmarketfx was found, nor was the company's logo visible. Unable to obtain specific floor information, the site visit personnel could not reach the specific floor to confirm the exact location, and naturally could not enter the company's interior. Additionally, they were unable to take photos of the front desk or its logo, and this office location is not a shared office.

Through the lobby area, due to the inability to enter the company's interior, it was impossible to observe the internal environment or other conditions. After arriving, the address was confirmed, but no information about this broker was found. Upon inquiry, the security guard stated that this company does not exist, leading to the conclusion that it is fraudulent.

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

Conclusion

The field investigators went to the UK as planned to conduct an on-site visit to the forex broker Coinmarketfx. At its publicly displayed business address, they could not see the broker's company name or other information, indicating that the broker does not have a real business premises. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

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