Purpose

The UK foreign exchange market is a globally significant foreign exchange market formed through a long historical development process. It features large trading volumes, flexible trading hours, and numerous financial institutions, making it one of the core hubs of global foreign exchange 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 physical visit.

Process

The on-site inspection team went as planned to the United Kingdom to conduct an on-site visit of the forex broker ASTARFX. According to public information, its office address is 20 Primrose St, London, United Kingdom.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, followed a meticulous plan and traveled to the target area in the United Kingdom to conduct a physical inspection of the broker ASTARFX that claimed to be located at 20 Primrose St, London, United Kingdom.

The inspectors successfully arrived at the target building, located in a specific area of London, with relatively bustling surrounding streets and a strong commercial atmosphere. However, no company signage or relevant information for ASTARFX was found on the exterior of the building.

The inspectors attempted to enter the building lobby and explained their purpose to the security personnel. However, after a brief communication, they were not granted  permission to entry.

Consequently, the inspectors were unable to reach the target floor and found no clear signage for ASTARFX's office area, nor any related security measures. Since there was no information about this company within the building at all, the inspectors could not enter the so-called interior. They were also unable to photograph ASTARFX's reception area or logo, and it was not a shared office space.

As entry was not possible, looking through the glass doors, they could not observe the company's internal environment, style of decoration, or employee activities, and found no information whatsoever about this broker. Upon inquiring with the security guard, they were informed that no such company existed, leading to the judgment that it was false. Therefore, after the on-site inspection, it was confirmed that broker ASTARFX does not exist at the aforementioned address.

Conclusion

The on-site inspectors visited the forex broker ASTARFX in the UK as planned. At its publicly displayed business address, no information, such as the broker's company name, was found, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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