Purpose

The UK foreign exchange market is one of the world's important forex markets formed through a long-term financial development process, characterized by a long history, active trading, and strict regulation. As one of the core hubs for global foreign exchange trading, the UK forex market attracts numerous international investors and traders. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in the UK.

Process

In this issue, the on-site investigation team visited the UK as planned to conduct a field visit to the forex broker Monix Limited. According to publicly available information, its office address is 71 - 75 Shelton Street, Covent Garden, London, UK.

A professional and experienced on-site verification team, driven by a sense of mission to strictly vet for investors, proceeded to the United Kingdom according to a meticulous plan to conduct an on-site verification of the broker Monix Limited, which claims to be located at 71 - 75 Shelton Street, Covent Garden, London, UK.

The verification personnel successfully arrived at the target building, located in Covent Garden, London. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no signage or relevant information for the company was found on the exterior of the building. Upon arrival at the building, they were informed that this was a virtual office with no physical workspace.

The team entered the building lobby and stated their purpose to the security personnel. However, after a brief communication, they were not granted permission to enter.

Consequently, unable to reach the target floor, the verification personnel also observed no clear signage indicating the office area of Monix Limited. As the office was a shared space with no clear signage pointing to the company, the verification personnel could not confirm its specific location and were unable to enter the interior.

The company's internal environment could not be observed through the glass doors either, and the overall situation did not match its claimed positioning.

Therefore, after the on-site verification, it was confirmed that broker Monix Limited does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker Monix Limited in the UK as planned. At the publicly displayed business address, no information such as the broker's company name was found, 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.