Purpose

The UK foreign exchange market is one of the globally important forex markets formed through a long historical development process. It features large trading volumes, a wide variety of trading instruments, high market transparency, and a large and diverse range of participants. As one of the core hubs of global forex trading, it holds a pivotal position in the international financial arena. To help investors or practitioners gain a more comprehensive understanding of UK forex brokers, the fact-finding team traveled to the UK for an on-site visit.

Process

This time, the on-site inspection team went to the UK as planned to conduct an on-site visit to forex broker 247Bitinvest, according to public information its office address is 128 City Road, London , United Kingdom.

A professional and experienced site visit team, with the mission of strictly vetting for investors, traveled to the UK according to a meticulous plan. They conducted an on-site verification of the broker 247Bitinvest claimed to be located at 128 City Road, London , United Kingdom.

The site visit personnel arrived at the building at the address smoothly. The building is located in a bustling area of London, with heavy traffic on surrounding streets and a strong commercial atmosphere. However, no company logo or relevant information of 247Bitinvest 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 the building.

After entering the building, they searched carefully in the lobby but did not find any directory listing for the broker. Since they could not determine the specific floor of the broker, they were unable to go to the target floor to confirm its exact location. Naturally, there was no situation where the broker's office area had clear signage or security measures, and they could not enter the interior. At the same time, they were unable to take photos of the front desk or the front desk logo, and the premises were not a shared office.

Through the public area of the lobby, since they could not enter the company's interior, they were unable to observe the office environment inside. After arriving, they confirmed that it was the correct address, but did not find any information about the broker. After asking the security guard, they were told that the company did not exist, and they concluded that it was fraudulent.

Therefore, after the site visit, it was confirmed that the broker 247Bitinvest does not exist at the above address.

Conclusion

The on-site inspection personnel visited the forex broker 247Bitinvest in the UK as planned. However, they did not see the broker's company name or other information at its publicly displayed business address, indicating that the broker does not have a real place of business. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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