Purpose

The UK foreign exchange market is a long-established and highly developed international forex market. Since modern times, it has become one of the core hubs of global foreign exchange trading, leveraging its superior geographical location, well-developed financial system, and open policy environment. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the team conducted on-site visits in the UK.

Process

The team is scheduled to visit forex broker ULTRAFXTRADER in the UK. According to publicly available information, their office address is 20-22 Wenlock Road, London, England, N1 7GU.

A professional and experienced team, driven by a sense of mission to rigorously vet for investors, proceeded according to a meticulous plan to the target area in the UK. They conducted an on-site verification of the broker ULTRAFXTRADER, which claimed to be located at the aforementioned address.

The team arrived in the area of the target address. The surrounding environment of the location was relatively ordinary, with a mediocre commercial atmosphere. No company signage or related information for the broker was found on the exterior of the building.

The team attempted to enter the building lobby and explained their purpose to the security guard. However, the security guard informed them that there was no such company, and permission to enter was not granted.

As entry into the building was not possible, the target floor could not be reached, and thus the condition of ULTRAFXTRADER's office area could not be confirmed. The inspection team was unable to photograph its reception area and logo, and the office space was not a shared office.

After arriving, the inspection team found no information regarding the broker and judged it to be false. Therefore, after the on-site inspection, it was confirmed that broker ULTRAFXTRADER does not exist at the aforementioned address.

Conclusion

The team visited the forex broker ULTRAFXTRADER at its publicly displayed business address in the UK as planned, but could not find information such as the broker's company name at that location, indicating that the broker does not have a genuine physical business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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