Purpose

The UK forex market is a long-established and highly developed international forex market that has played a significant role since the establishment of the modern financial system, boasting a comprehensive regulatory framework and an active trading environment. 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 inspection team visited the UK as planned to conduct an on-site visit to the forex broker Capital4xtrade. According to publicly available information, its office address is 71 - 75, Shelton Street, Covent Garden, London, WC2H 9JQ.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, proceeded to the United Kingdom according to a meticulous plan to conduct a physical verification of the trader Capital4xtrade claiming to be located at 71 - 75, Shelton Street, Covent Garden, London, WC2H 9JQ.

The verification personnel successfully arrived at the target building, located in the Covent Garden area of London, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company signage or relevant information for Capital4xtrade was found on the exterior of the building.

The verification personnel attempted to enter the building lobby and explained their purpose to the security guard. However, after communication, permission to enter was not granted.

Therefore, it was impossible to reach the target floor, and no clear signage for Capital4xtrade's office area was found. Before arriving at the building, it was already known that this was a virtual office with no physical workspace. Since there is no physical office space itself, the verification personnel could not reach a specific floor or confirm a specific location; this office location is a shared office.

From the lobby area, as entry inside was not possible, the internal company environment and other conditions could not be observed.

Therefore, after the on-site verification, it was confirmed that the trader Capital4xtrade does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the forex broker Capital4xtrade in the UK as planned. At its publicly displayed business address, no information such as the company name of this broker could be seen, indicating that this 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.