Purpose

The UK foreign exchange market is a globally significant foreign exchange market formed through a long-term development process, with a long history and active trading, occupying an important position in the international financial field. 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 field visits.

Process

As scheduled, the team conducted an on-site visit to the UK to investigate the forex broker Bitgerms. Public information indicates its office address is 103 new oxford st, london wc1a 1db, united kingdom.

A professional and experienced team, driven by a mission to rigorously vet for investors, traveled to the target area in the United Kingdom according to a meticulous plan. They conducted an on-site inspection of the broker Bitgerms, which claims to be located at 103 new oxford st, london wc1a 1db, united kingdom.

The team arrived at the target building  successfully. The location is in a bustling area of London, UK, with a vibrant surrounding environment and a strong commercial atmosphere. However, no signage or any relevant information about the company was found on the exterior of the building.

The team attempted to enter the building lobby and explained their purpose to the security personnel. However, after communication, they were not allowed to enter. Upon inquiry, the security guard stated there was no such company.

Due to the lack of information about the company and the inability to enter the interior, it was impossible to find any prominent signage about Bitgerms's office area, nor could photograph Bitgerms's reception area and LOGO. Furthermore, the office was not a shared office space.

As entry was not possible, observation through the doorway did not reveal the company's internal environment. No information about this broker was found, leading to the judgment that it is false. Therefore, after the on-site inspection, it was confirmed that broker Bitgerms does not exist at the aforementioned address.

Conclusion

As planned, the inspectors visited the forex broker Bitgerms at its public business address in the UK, but could not find any information such as the company's name at that location, indicating that the broker does not have a genuine physical business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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