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 forex trading due to its advantageous geographic location, well-established financial system, and deep financial heritage. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the survey team conducted an on-site visit to the UK.

Process

This on-site verification team traveled to the UK as planned to physically inspect the forex broker Formula Stock. According to public information, its office address is 20 Berkeley Square, London.

A professional and experienced site visit team, with a sense of mission to strictly vet for investors, went to the target area in the UK according to meticulous planning . They conducted an on-site verification of the broker Formula Stock, which claimed to be located at the above address.

The site visit personnel arrived smoothly at the target building, which is located in a bustling area of London with a clean surrounding environment and a strong commercial atmosphere. However, no signage or relevant information of the company was found outside the building.

The site visit personnel attempted to enter the building but were unable to obtain entry permission and could not enter the company lobby. Observing inside the building, no nameplate or logo of the company was found.

Due to the inability to enter the building, the site visit personnel could not reach the specific floor and confirm the exact location, nor could they enter the company's interior and photograph its reception area. The office is not a shared office. Through the building's entrance, the internal office environment could not be observed, and the existence of the company could not be confirmed.

Since it was not possible to enter the company's interior, the internal environment and other conditions could not be observed, and no information about the broker was found. It is judged to be false.

Therefore, after the site visit, it is confirmed that the broker Formula Stock does not exist at the above address.

Conclusion

The surveyors visited the forex broker Formula Stock in the UK as planned. At its publicly displayed business address, they did not see the broker's company name or other information, indicating that the broker does not have a genuine business premises. Investors are advised to make a 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.