Purpose

The French foreign exchange market is a mature market that has gradually developed through a long-term financial evolution process, boasting a long financial history and a well-established regulatory system. It holds a significant position in the European and even global forex markets, characterized by active and diversified trading. 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 France.

Process

This period's on-site inspection team went to France as planned to conduct a field visit to the forex broker Forexcore Trade. According to public information, its office address is 118 Bd Saint - Germain, 75006 Paris, France.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, followed a meticulous plan and traveled to France to conduct an on-site verification of the broker claiming to be located at 118 Bd Saint-Germain, 75006 Paris, FranceForexcore Trade.

The on-site investigator successfully arrived at the target building, which is located in the core area of Paris, surrounded by a bustling environment and a strong commercial atmosphere. However, no company signage or relevant information for Forexcore Trade was found on the exterior of the building.

The inspection personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter.

Although access to the building was possible, upon reaching the target floor, the on-site investigator did not find any clear signage or security measures for Forexcore Trade's office area. Since no information about the company could be found either inside or outside the building, the specific location could not be determined, and entry into the interior was not possible. Furthermore, this office area was not a shared workspace.

Through the glass door, the on-site inspector was unable to observe the company's internal environment and other conditions due to being unable to enter the premises. Overall, no information about this broker was found, leading to the conclusion that it is fraudulent.

Therefore, after on-site verification, it was confirmed that broker Forexcore Trade does not exist at the above address.

Conclusion

The inspection team visited the forex broker Forexcore Trade in France as planned. At its publicly displayed business address, no information such as the broker's company name was found, indicating that the broker does not have a genuine physical business location. 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 decision-making.