Purpose

The UK foreign exchange market is a historically long-established and highly developed global foreign exchange market, occupying a significant position in the international financial sector. It is characterized by large trading volumes, a rich variety of trading products, and a large number of market participants. 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 Iberia-Capital in the UK as planned. According to public information, its office address is 48 George St. London. W1U 7DY GB.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously safeguard investors' interests, proceeded according to a  planned schedule to the target area in the UK. They conducted a physical verification of the trader Iberia-Capital, which claims to be located at 48 George St. London. W1U 7DY GB.

The inspectors successfully arrived at the target building, which was located on George Street in London, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no signage or related information of the company was found on the exterior of the building.

The verification personnel entered the building lobby and explained their purpose to the security guard. After communication, permission to enter was obtained. On the directory board inside the building, there was no information about this company.

Although entry into the building lobby was possible, after inquiring with the security guard, it was stated that this company was not present within the building. Due to the lack of relevant information for guidance, it was impossible to reach the specific floor and confirm the exact location. No obvious signage for the Iberia-Capital office area was found, so entry into the company's interior was also impossible.

At the same time, it was also impossible to photograph the Iberia-Capital reception area and logo, and the office was not a shared office.

As entry into the company interior was impossible, observation through glass doors failed to reveal the company's internal environment and other conditions. No information about this trader was found, leading to the judgment that it is fraudulent.

Therefore, after the on-site verification, it was confirmed that the trader Iberia-Capital does not exist at the aforementioned address.

Conclusion

The on-site investigator went to the UK as planned to conduct a physical visit of the forex broker Iberia-Capital. At its public business address, information such as the company name of this broker could not be seen, indicating that this broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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