Purpose

The UK forex market is a long-standing and highly developed international forex market, occupying an important position in global forex trading. It has characteristics such as large trading volume, a wide variety of trading instruments, and diversified market participants. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the actual survey team went to the UK for an on-site visit.

Process

This time, the on-site verification team planned to visit the foreign exchange dealer ProTrade Options in London, UK, according to public information its office address is 81 Fenchurch St, London EC3N 2ER, UK.

A professional and experienced on-site inspection team, with a sense of mission to strictly vet for investors, followed a meticulous plan and traveled to the UK. They conducted an on-site verification of the broker ProTrade Options purportedly located at 81 Fenchurch St, London EC3N 2ER, UK.

The on-site inspectors 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 company signage or related information of ProTrade Options was found outside the building.

The on-site inspectors entered the building lobby and explained their purpose to the security guard. After communication, they were not granted permission to enter.

However, outside the building, no placard or LOGO of ProTrade Options was found. As they could not confirm the specific floor and location, the inspectors could not reach the target floor. Therefore, they could not enter the company's premises, nor could they take photos of the reception area and its LOGO. The office is also not a shared office.

Through the glass door, the inspectors could not observe the internal office environment because they were not allowed in. Upon arrival, they confirmed that it was the correct address, but no information about the broker was found. After inquiring, the security guard informed them that the company does not exist, leading to the conclusion that it is fraudulent.

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

Conclusion

Survey personnel went to the UK as planned to physically visit the forex broker ProTrade Options. At its publicly displayed business address, they could not see the broker's company name or other information, 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 views are for reference only and should not be taken as the basis for final decisions.