Purpose

The UK foreign exchange market is a long-established and highly developed international forex market that has held a significant position since the establishment of the modern financial system. It is characterized by its large trading volume, numerous participants, and a wide variety of trading instruments. 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 to conduct field visits.

Process

The on-site inspection team visited the forex broker SILVER FX in the UK as planned. According to public information, its office address is 123 Baker Street, Marylebone London NW1, 6XE United Kingdom.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, traveled to the United Kingdom according to a well-planned schedule to conduct a physical verification of the broker SILVER FX claiming to be located at 123 Baker Street, Marylebone London NW1, 6XE United Kingdom.

The inspection personnel successfully arrived at the building. The building is located on a less bustling street near central London. The surrounding commercial atmosphere is average, and the environment is relatively quiet. The building has no main entrance, only a small door requiring access control to enter. No company signage or related information was found on the exterior of the building.

The inspection personnel attempted to enter the building, but there were no security guards or staff at the entrance to communicate with. As access control was required for entry, permission to enter could not be obtained.

Due to the inability to enter the building, it was impossible to reach the target floor to confirm the status of SILVER FX's office area, nor to ascertain whether there were clear signage or security measures, or whether it was a shared office situation.

Through the small door of the building, due to access control restrictions, it was impossible to observe the internal environment of the company, among other details.

Therefore, after the on-site inspection, it was confirmed that broker SILVER FX does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the foreign exchange broker SILVER FX in the UK as planned. At its publicly displayed business address, they were unable to see information such as the broker's company name, indicating that the broker does not have a genuine 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 selection.