Purpose

The UK forex market is a long-established international forex market, occupying an important position in global forex trading. It is characterized by large trading volume, flexible trading hours, and numerous financial institutions. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the inspection team went to the UK for an on-site visit.

Process

The team planned to visit the forex dealer Oandaai in the UK. According to public information, its office address is 20 - 22 Wenlock Road, London, England, N1 7GU.

A professional and experienced site visit team, driven by a sense of mission to strictly vet for investors, traveled to the UK following a well-planned itinerary. Based on the above information, they conducted an on-site visit to broker Oandaai.

The site visit personnel went to the target area according to the address information and conducted an on-site verification of the broker Oandaai, which is claimed to be located at 20 - 22 Wenlock Road, London, England, N1 7GU.

The on-site visit personnel arrived at the target building, which is located on Wenlock Road in London. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company logo or related information for Oandaai was found outside the building.

The site visit personnel entered the building lobby and stated their purpose to the security guard. After communication, they were granted entry.

Although they were able to enter the building lobby, they did not find any obvious signage for the office area of Oandaai. Due to the lack of related information about this company, the site visit personnel could not confirm its specific location and were unable to enter the interior. Moreover, they could not take photos of the reception area or its logo. The office area was not a shared office.

Through the glass door, the on-site visit personnel could not observe the interior environment of the company. After arriving, they confirmed that it was the stated address, but found no information about the broker. When asked, the security guard informed them that the company did not exist, leading to the conclusion that it was fake.

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

Conclusion

The on-site inspection team visited the UK as planned to inspect forex broker Oandaai. At its publicly displayed business address, they did not see the broker's company name or any other information, indicating that the broker does not have a genuine business premises. Investors are advised to make their decision after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the basis for final decisions.