Purpose

The Thai forex market is an emerging foreign exchange market that has developed in recent years. With the continuous development of Thailand's economy and the gradual opening of its financial markets, foreign exchange trading has become increasingly active in Thailand. To help investors or practitioners gain a more comprehensive understanding of forex brokers in Thailand, the on-site inspection team traveled to Thailand for field visits.

Process

This period's on-site inspection team went to Thailand as planned to conduct a field visit to the forex broker Murrentrade. According to publicly available information, its office address is 122/439 Pracha Uthit 76 Alley, Pracha Uthit Road, Thung Khru Sub-district, Thung Khru District, Bangkok, Thailand.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, followed a meticulous plan and traveled to Thailand to conduct an on-site verification of the broker Murrentrade that claimed to be located at this address.

The verification personnel successfully arrived at the target location, which was a small Western-style house located in a nearly border area of Bangkok. The surrounding environment was relatively ordinary, and the commercial atmosphere was not strong.

No company signage or related information was found on the exterior of the building.

The verification personnel attempted to enter the building and found that ordinary people were living inside; it was not an office building. After stating their purpose to the people inside, they were not granted permission to enter. Since the building was not an office building, they could not reach the so-called target floor, nor could they confirm the specific location.

No company directory was found inside the building, and no company logo was seen. Due to the inability to enter, they could not photograph the company reception area or logo, and it was not a shared office space.

Looking through the building door, the internal office environment of the company could not be observed. The overall situation could not be confirmed as to whether it matched its claimed positioning. Therefore, after the on-site verification, it was confirmed that broker Murrentrade does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker Murrentrade in Thailand as planned. At its publicly displayed business address, they were unable to see any information such as the broker's company name, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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