Purpose

The UK foreign exchange market is one of the world's important forex markets formed through a long-term financial development process, characterized by a long history, active trading, and strict regulation. As an international financial center, it has attracted many forex brokers to operate here. To help investors or practitioners gain a more comprehensive understanding of UK forex brokers, the team conducted an on-site visit to the UK.

Process

The team visited the forex dealer Exchange Space in the UK as planned. According to public information, its office address is Wenlock Road 20 - 22 N1 7GU London United Kingdom.

A professional and experienced team, with a sense of mission to strictly vet for investors, followed a well-planned schedule to the target area in the UK. They conducted an on-site verification of the broker Exchange Space, which claims to be located at the above address.

The team arrived at the target building, located in a specific area of London. No traces of the company were found in the surrounding street environment, and the business atmosphere was average. No company signage or related information for Exchange Space was found on the exterior of the building.

The inspection personnel attempted to enter the building lobby and stated their purpose to the security guard. However, the security guard informed them that the company does not exist and entry permission could not be granted.

Observing the interior of the building, there was no signage or other information for the company. Therefore, the inspection personnel could not confirm the specific location or gain entry. Since they could not enter the building, they could not photograph the office area or reception area of Exchange Space. The office area was not a shared office.

Looking through the glass doors, since entry was not possible, the internal office environment could not be observed. The overall situation could not be assessed as to whether it matched the claimed positioning.

Therefore, after the on-site inspection, it was confirmed that the broker Exchange Space does not exist at the above address.

Conclusion

The team went to the UK as planned to conduct an on-site visit to the forex broker exchange Space. At its publicly displayed business address, they could not see the company name or other information of the broker, indicating that the broker does not have a real business premises. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and are not the basis for final decisions.