Purpose

The UK foreign exchange market is an international forex market that developed after World War II. As a core hub for global foreign exchange trading, it has a long history and a large trading volume. It features long trading hours, a wide variety of trading instruments, and numerous market participants. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site verification team traveled to the UK for a physical visit.

Process

In this phase, the on-site verification team proceeded as planned to the UK to physically visit the forex broker FxBit Trade. Public information indicates its office address is 3 Temasek Ave, Office 7 35 - 37 Ludgate Hill London, EC4M 7JN.

The professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, traveled to the UK according to a detailed plan to conduct a physical verification of the broker FxBit Trade, which claims to be located at 3 Temasek Ave, Office 7 35 - 37 Ludgate Hill London, EC4M 7JN.

The team successfully arrived at the target building, located in a bustling area of central London, adjacent to a large cathedral and the London Stock Exchange, with a strong commercial atmosphere in the surrounding area. However, no signage or relevant information for the company was found on the exterior of the building.

After entering the building lobby, the team explained their purpose to the security guard. Through communication, it was learned that an appointment was required for entry, and ultimately, permission to enter was not granted.

Therefore, the team could not reach the target floor to confirm the specific location. There was also no company directory listing for FxBit Trade inside the building, and no company logo was present. Due to the lack of an appointment and entry permission, they could not enter the company's interior, nor could they photograph the reception area or its logo. The office was not a shared workspace.

As entry was not possible, the internal office environment could not be observed. However, overall, the situation did not align with the positioning claimed by this broker.

Consequently, after the on-site verification, it was confirmed that broker FxBit Trade does not exist at the aforementioned address.

Conclusion

The on-site verification team proceeded as planned to the UK to physically visit forex broker FxBit Trade. At its publicly displayed business address, no information such as the broker's company name was visible, indicating the broker does not have a genuine physical business location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and viewpoints are for reference only and should not be used as the sole basis for final decision-making.