Purpose

The UK foreign exchange market is a long-established and highly developed international forex market that has held a significant position since the establishment of the modern financial system, possessing mature trading mechanisms and enormous trading volumes. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team visited the UK for an in-person investigation.

Process

In this issue, the on-site inspection team visited the forex broker Steadyedge Capital in the UK as planned. According to public information, its office address is 85 Great Portland Street, First Floor, London, United Kingdom, W1W 7LT.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, traveled to the United Kingdom according to a well-planned schedule to conduct a physical verification of the broker Steadyedge Capital that claims to be located at 85 Great Portland Street, First Floor, London, United Kingdom, W1W 7LT.

The inspectors successfully arrived at the target building. It is a small office building near central London, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company logo or related information for Steadyedge Capital was found on the exterior of the building. The doorbell at the front had nameplates for four companies, but none matched the corresponding company information.

The inspectors attempted to enter the building but found the main door had access control, preventing entry for photography. Permission to enter could not be obtained.

Due to the inability to enter the building, it was impossible to reach the target floor to confirm the status of Steadyedge Capital's office area. It could not be determined if there were clear signage or 

security measures, nor could it be confirmed if it was a shared office space.

Through the closed main door, the inspectors could not observe the company's internal environment, leaving the overall situation unclear. Concurrently, online searches suggested that the company on the 1st floor might be a virtual office, but this could not be fully confirmed.

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

Conclusion

The on-site inspector visited the forex broker Steadyedge Capital in the UK as planned. At its publicly displayed business address, no information such as the company name of the broker could be seen, 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.