Purpose

The UK foreign exchange market is one of the globally important forex markets formed through a long historical development. It features large trading volumes, flexible trading hours, and a large number of financial institutions, playing a pivotal role in global forex trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the fact-finding team conducted an on-site visit to the United Kingdom.

Process

This time, the field inspection team went to the UK as planned to visit forex broker OANDA. According to public information, its office address is Dashwood House, 64 Old Broad Street, London EC2M 1QS.

A professional and experienced site visit team, with a sense of mission to strictly screen for investors, traveled to the UK according to a meticulous plan. They conducted an on-site inspection of the broker OANDA, which claims to be located at Dashwood House, 64 Old Broad Street, London EC2M 1QS.

The site visit team successfully arrived at Dashwood House, which is located in London's financial district. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or related information of OANDA was found outside the building.

The site visit team entered the lobby of the building and stated their purpose to the security guard. After a brief conversation, they obtained entry permission.

However, inside the building, no company nameplate of OANDA was found, nor was its logo visible. Since the specific floor and location could not be confirmed, the site visit team was unable to reach the target floor.

Through the lobby, the internal environment of OANDA could not be observed. After arriving, the address was confirmed, but no information about the broker was found. Upon inquiry, the security guard informed that no such company existed, so it was determined to be false.

Therefore, after the site visit, it was confirmed that the broker OANDA does not exist at the above address.

Conclusion

The on-site surveyors went to the UK as planned to inspect the forex broker OANDA. At its publicly displayed business address, they were unable to see the company name or other information of the broker, indicating that the broker does not have a genuine place of business. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

The above content and views are for reference only and are not the basis for final selection.