Purpose

The UK foreign exchange market is an important international forex market that gradually formed through historical development. It has a long history and a highly developed financial system, occupying a key position in global forex trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to the UK for a field visit.

Process

This time, the on-site inspection team went to the UK as planned to visit forex broker Valitrax. According to public information, its office address is Level 9, 211 Old St, London EC1V 9NR, United Kingdom.

A professional and experienced site inspection team, with a sense of mission to strictly vet for investors, followed a thorough plan and traveled to the UK. They conducted an on-site verification of the broker Valitrax, which claims to be located at Level 9, 211 Old St, London EC1V 9NR, United Kingdom.

The site inspectors successfully arrived at the target building, located on Old St in London. The surrounding streets are relatively bustling with a strong commercial atmosphere. However, no company sign or related information for Valitrax was found outside the building.

The inspectors entered the building lobby and explained their purpose to the security guard. After a brief conversation, they obtained permission to enter.

Although they entered the building, the process of reaching the target floor was not smooth. As there was no company directory or signage for the company inside the building, the inspectors could not confirm the specific floor and location, and thus were unable to reach the target floor.

Since they could not reach the target floor, there was no possibility of entering the company's premises. Moreover, they could not photograph the reception desk or its logo, nor was it a shared office.

From the public areas of the building, the inspectors could not observe the company's internal office environment. Upon arrival, they confirmed the address, but found no information about the broker. After asking the security guard, they were told that the company did not exist. Therefore, they concluded that the broker's address information is false.

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

Conclusion

The inspection team went to the UK as planned to visit forex dealer Valitrax. At its publicly displayed business address, they did not see the dealer's company name or other information, indicating that the dealer does not have a real business premise. Investors should make their decisions after comprehensive consideration.

Disclaimer

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