Purpose

The German forex market is a mature foreign exchange market that has developed in modern times. As one of Europe's important financial centers, the German forex market features active trading and sound regulations. Historically, it has always been a crucial component of the European financial system and holds a significant position in international forex trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, our on-site inspection team conducted field visits in Germany.

Process

The inspection team visited the forex broker EUKrypto in Germany as planned. According to public information, their office address is Omniturm, Große Gallusstraße 16 - 18, 60312 Frankfurt am Main.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Germany to conduct an on-site verification of the broker EUKrypto claiming to be located at Omniturm, Große Gallusstraße 16 - 18, 60312 Frankfurt am Main.

The inspector successfully arrived at Omniturm, which is located in a bustling area in the city center of Frankfurt, Germany. The surrounding environment is tidy with a strong commercial atmosphere. However, upon careful inspection of the building exterior, no company signage or relevant information related to EUKrypto was found.

The inspection personnel entered the building lobby and explained their purpose to the security guard, hoping to enter the building for further verification. However, after communication, the security guard stated they had never heard of the company and did not grant entry permission.

Due to the inability to enter the building, naturally it was impossible to reach the target floor to verify the office area situation of EUKrypto. It was also impossible to determine whether there were clear signs or security measures in their office area, let alone gain access to the interior. Additionally, this office location is not a shared workspace.

Through the public areas of the building, it was impossible to observe the company's internal environment due to distance and line-of-sight limitations. Upon arrival, the address was confirmed, but upon careful inspection, no information about this broker was found, leading to the conclusion that it was fictitious. Therefore, the on-site verification confirmed that the broker EUKrypto does not exist at the aforementioned address.

Conclusion

The inspection team visited the forex broker EUKrypto in Germany as planned, but found no information such as the company name at its publicly displayed business address, indicating the broker lacks a genuine physical office. Investors are advised to make comprehensive considerations before making decisions.

Disclaimer

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