Purpose

The German foreign exchange market is a mature market that gradually developed after World War II. As one of Europe's important financial centers, the German forex market is characterized by large trading volume, a wide variety of trading instruments, and numerous participants. It holds a significant position in the international foreign exchange market, with many internationally renowned financial institutions conducting forex trading business there. To help investors or practitioners gain a more comprehensive understanding of German forex brokers, the on-site inspection team traveled to Germany for a field visit.

Process

In this issue, the on-site inspection team went to Germany as planned to conduct a field visit to the forex broker Syganica. According to publicly available information, its office address is Kaiserstrasse 26, 60311 Frankfurt am Main, Germany.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, traveled to Germany according to a well-planned schedule to conduct a physical verification of the broker Syganica claiming to be located at Kaiserstrasse 26, 60311 Frankfurt am Main, Germany.

The inspection team successfully arrived at the target building, located in the core commercial area of Frankfurt, Germany. The surrounding environment is relatively bustling with a strong commercial atmosphere. However, no company signage or relevant information for Syganica was found on the exterior of the building.

The inspection team entered the building lobby, explained their purpose to the security personnel, and after communication, obtained permission to enter.

However, visitors were not allowed to go upstairs. Therefore, the inspectors could not reach the target floor and were unable to find any clear signage or security measures for Syganica's office area. Furthermore, this office space was not a shared office.

Upon arrival, it was confirmed to be the correct address. However, after a careful search, no information about this broker was found, leading to the judgment that it is false. Consequently, after the on-site inspection, it was confirmed that broker Syganica does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker Syganica in Germany as planned. At its publicly displayed business address, they were unable to see 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 views are for reference only and should not be used as the final basis for selection.