Purpose

The UK foreign exchange market is a globally significant foreign exchange market formed through a long-term development process, characterized by a long history, active trading, and strict regulation. As one of the international financial centers, it has a large scale of foreign exchange transactions, attracting numerous global investors and financial institutions to participate. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in the UK.

Process

The on-site inspection team visited the forex broker ChaseFirst in the UK as planned. According to public information, its office address is 125 Old Broad St, City of London EC2N 1AR, United Kingdom.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded according to a meticulous plan to the target area in the United Kingdom. They conducted a physical verification of the broker ChaseFirst, which claimed to be located at 125 Old Broad St, City of London EC2N 1AR, United Kingdom.

The inspection personnel successfully arrived at the target building, which was located in the core area of London, with a bustling surrounding environment and a strong commercial atmosphere. However, no company signage or related information about ChaseFirst was found on the exterior of the building.

The inspection personnel entered the building lobby and stated their purpose to the security guard. After communication, they were granted permission to enter.

Upon inquiring at the reception staff in the lobby, the team were informed that no such company existed, so they were unable to proceed inside. Consequently, the inspection personnel could not explore whether there were clear signs in ChaseFirst's office area, nor could they photograph ChaseFirst's reception area and logo. Furthermore, the office was not a shared workspace.

From the lobby area, the inspection personnel could not observe the company's internal environment. The overall situation did not match its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that the broker ChaseFirst does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker ChaseFirst in the UK as planned. At the public business address, no information such as the company name of the broker could be seen, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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