Purpose

The UK foreign exchange market is a long-established and highly developed international forex 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 for a field visit.

Process

The on-site inspection team visited the forex broker Nextradehub in the UK as planned. According to publicly available information, its office address is 16 St James’s St, London SW1A 1ER, United Kingdom.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, traveled to the United Kingdom according to a well-planned schedule to conduct a physical verification of the broker Nextradehub claiming to be located at 16 St James’s St, London SW1A 1ER, United Kingdom.

The inspectors successfully arrived at the target building. The building is located in the central area of London, surrounded by a strong commercial atmosphere and a bustling environment. The building's decoration is good, and its exterior appears quite modern and business-like. However, no company signage or relevant information for Nextradehub was found on the exterior of the building.

The inspectors entered the building lobby. After stating their purpose to the security guard, they were granted entry permission. Upon entering the building, they expected to find the company's information on the internal directory board, but upon careful inspection, they discovered that the directory board did not contain any information about Nextradehub.

Subsequently, the inspectors inquired about the company with the front desk staff in the lobby. The front desk staff explicitly stated that they had no knowledge of such a company.

While observing the exterior of the building, the inspectors also documented the building's address plaque.

As it was impossible to confirm the specific floor and location of the company within the building, the inspectors were unable to reach the target floor and, consequently, could not enter the company's premises. This inspection failed to capture photos of the company's front desk, and the office space was not a shared office.

Through the lobby area, the internal office environment of the company could not be observed. The overall situation does not align with the broker's claimed positioning of having an actual physical office location.

Therefore, after the on-site inspection, it was confirmed that broker Nextradehub does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker Nextradehub in the UK as planned. At its publicly displayed business address, no information such as the broker's company name was visible, 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.