Purpose

The UK foreign exchange market is a long-established and highly developed international forex market, occupying a pivotal position in global foreign exchange trading. It possesses a mature regulatory system, a diverse range of trading instruments, and active market participants. To assist investors or practitioners in gaining a more comprehensive understanding of forex brokers in this region, the on-site verification team conducted field visits in the UK.

Process

In this issue, the on-site inspection team went to the United Kingdom as planned to conduct an on-site visit to the forex broker livetradeprofits.com. According to public information, its office address is "Wenlock Road 20 - 22 N1 7GU London Unitied 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 trading company livetradeprofits.com, which claims to be located at "Wenlock Road 20 - 22 N1 7GU London Unitied Kingdom".

The inspectors successfully arrived at the target building, located in central London on a street that is not particularly bustling. The surrounding environment is relatively quiet, and the commercial atmosphere is average. The office building is decently decorated, but it is a shared office space where many financial companies are registered. However, no signage or relevant information of the company was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard or staff. After communication, they obtained permission to enter, but photography was not allowed inside the building.

The inspectors found no clear signage indicating the office area of livetradeprofits.com. As the reception desk could not provide any information about the company, the inspectors were unable to confirm the specific location of the company and could not enter the interior. Furthermore, they were unable to photograph the reception desk and its logo, and this office was not a shared office (although the building as a whole is a shared workspace, this company does not physically exist here).

From the lobby area, the inspectors could not observe the company's internal environment or other conditions, as the company's location was simply not found. The overall situation does not match its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that the trading company livetradeprofits.com does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the forex broker livetradeprofits.com in the UK as planned. At its publicly displayed business address, no information such as the company name of this broker could be seen, indicating that this 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 sole basis for final selection.