Purpose

The UK foreign exchange market is a long-established and highly developed international foreign exchange market. Since the development of the modern financial system, it has consistently been one of the core hubs for global foreign exchange trading, characterized by its large trading volume, diverse range of trading instruments, and a wide variety of market participants. 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 to conduct field visits.

Process

This time, the on-site inspection team went to the UK as planned to conduct an on-site visit to the forex broker Global Coin Trade Hub. According to public information, its office address is London WC2A 1LS, United Kingdom.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, proceeded according to a well-planned schedule to the target area in the UK. They discovered that the address only had a postal code, lacking a specific street number and building name. After some searching, they arrived at the building corresponding to the postal code.

The building is located in a core area of London, UK, with a bustling surrounding environment and a strong commercial atmosphere. However, no signage or relevant information for the company was found on the exterior of the building.

The verification personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter.

After entering the building, the verification personnel found that the directory board inside did not display the name of Global Coin Trade Hub. Upon inquiring at the front desk, the front desk was also unable to provide further information.

As the specific floor and location could not be confirmed, the verification personnel were unable to reach the specific floor to confirm the company's exact location, nor could they enter the company's interior. Additionally, this office is not a shared workspace.

From the lobby area, as they could not enter the company's interior, the verification personnel were unable to observe the internal environment and other conditions of the company. Overall, it could not be confirmed whether the company actually exists, which does not align with its claimed positioning of having a fixed office location.

Therefore, after the on-site verification, it was confirmed that the broker Global Coin Trade Hub does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker Global Coin Trade Hub in the UK 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 choice after comprehensive consideration.

Disclaimer

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