Purpose

The German forex market is a mature foreign exchange market formed through long-term financial development, characterized by high standardization and activity, occupying an important position in the European and even global forex markets. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Germany.

Process

The on-site inspection team visited the forex broker JetaxTrade in Germany as planned. According to public information, its office address is CMC, Germany GmbH, Garden Tower, Neue Mainzer Str. 46 - 50, 60311 Frankfurt am Main, Germany.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to the target area in Germany to conduct an on-site verification of the broker JetaxTrade claiming to operate at the aforementioned address.

The inspection personnel successfully arrived at Garden Tower, located at Neue Mainzer Str. 46 - 50, Frankfurt, Germany. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company signage or relevant information for JetaxTrade was found on the exterior of the building.

The inspector entered the building lobby and stated their purpose to the security personnel. After communication, they obtained entry permission.

Although we entered the building lobby, we did not find the company nameplate of JetaxTrade inside the building. The receptionist stated that no such company exists. Since the specific floor location could not be determined, the inspection personnel were unable to reach the designated floor and confirm the exact position, thus preventing access to the company's interior. Additionally, we couldn't photograph the reception area or its logo, and the office was not a shared workspace.

The inspection personnel found no information about any brokerJetaxTrade through the lobby area, concluding it was fraudulent. The overall situation does not match its claimed positioning.

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

Conclusion

The inspection team visited the forex broker JetaxTrade 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 operational 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.