Purpose

The UK foreign exchange market is a long-established and highly mature international forex market, occupying an important position in global forex trading. It features large trading volumes, a wide variety of trading instruments, and numerous market participants. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the survey team visited the UK for on-site inspections.

Process

This time, the actual survey team went to the UK as planned to visit the forex broker COINFX in person. According to public information, its office address is 69 Westbourne Park Road, London, England, W2 5QH.

A professional and experienced on-site verification team, driven by a strong sense of responsibility to strictly vet for investors, followed a carefully planned route to the target area in the UK. They conducted an on-the-spot inspection of the broker COINFX, which claims to be located at the aforementioned address.

The verification personnel arrived at the target area smoothly. The overall surroundings were relatively quiet, with a general commercial atmosphere. However, no company signage or related information for COINFX was found outside the building.

The verification personnel attempted to enter the building but were unable to obtain entry permission, preventing them from accessing the company lobby. Looking inside the building, they also did not find any company directory listing or logo for the firm.

Due to the inability to enter the building, the verification personnel could not reach the specific floor or confirm the exact location. They were also unable to enter the company's interior or photograph its front desk. The office is not a shared office space.

Through the building's entrance, the interior environment of the company could not be observed, and no information about the broker was found. It merely resembles a store, leading to the judgment that it is fraudulent.

Therefore, following the on-site verification, it is confirmed that the broker COINFX does not exist at the aforementioned address.

Conclusion

The on-site inspection team went to the UK as planned to physically visit forex broker COINFX, but 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 used as the basis for final decision.