Purpose

The German forex market has developed as a significant foreign exchange market within the process of European financial integration. As one of the core economies in Europe, Germany holds an important position in international trade and finance, with its forex market being highly active, large-scale, and strictly regulated. To help investors or practitioners gain a more comprehensive understanding of forex brokers in Germany, our on-site investigation team conducted field visits in the country.

Process

The on-site inspection team visited the forex broker Monecor Limited in Germany as planned. According to public information, their office address is Deutschland Frankfurt, Schillerstr 15 - 17, 60313 Frankfurt/Main.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Germany to conduct an on-site verification of the broker Monecor Limited claiming to be located at Deutschland Frankfurt, Schillerstr 15 - 17, 60313 Frankfurt/Main.

The inspection personnel successfully arrived at the target building located at Schillerstr 15 - 17 in Frankfurt, Germany. Due to the absence of the trader's office, it was difficult to accurately describe the surrounding commercial atmosphere. Upon careful examination of the building exterior, no signage or relevant information pertaining to the company was found.

The inspection personnel arrived at the building. Since there were no directory signs of this company in the lobby and no corporate logo was found, they couldn't explain their purpose of visiting the broker's office area to the security or staff, thus failing to obtain entry permission.

Since access to the building is not possible, we cannot reach the target floor to verify whether Monecor Limited's office area has clear signage or security measures in place. Additionally, this broker does not operate in a shared office space.

Upon arrival, the investigator confirmed the address was correct, but after careful inspection found no information about this broker. The overall situation does not match its claimed positioning.

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

Conclusion

The inspection team visited Germany as planned to conduct an on-site investigation of the forex broker Monecor Limited. At the publicly displayed business address, they found no information indicating the broker's company name, confirming 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 sole basis for final decision-making.