Purpose

The UK foreign exchange market is one of the globally significant foreign exchange markets formed through a long historical development process. It features characteristics such as large trading volume, a rich variety of trading products, and diverse market participants, holding a pivotal position in global foreign exchange trading. 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 for a physical visit.

Process

In this issue, the on-site inspection team visited the forex broker Saxo in the United Kingdom as planned. According to public information, its office address is 26th Floor, 40 Bank Street, London E14 5DA, 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 Saxo, which claims to be located at 26th Floor 40 Bank Street London E14 5DA UNITED KINGDOM.

The inspectors successfully arrived at the luxurious office building located in London's financial district. The surrounding area has a strong commercial atmosphere and is a gathering place for many financial institutions. However, no signage or related information for the company Saxo was found on the exterior of the building.

The inspectors entered the building lobby and, after stating their purpose to the security guard, obtained permission to enter. However, no directory information regarding the company Saxo was seen in the lobby.

Due to the inability to obtain further access permissions, the inspectors could not reach the target floor, the 26th floor, and thus could not confirm the specific location of the company Saxo. Simultaneously, as they could not enter the company, they were unable to photograph the reception area and its LOGO, and it was not a shared office. Through the lobby area, the internal office environment of the company could not be observed. The overall situation does not align with the broker's claimed operational presence at this address.

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

Conclusion

The on-site investigator visited the forex broker Saxo in the UK as planned. At its publicly displayed business address, no information such as the broker's company name could be seen, 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 opinions are for reference only and should not be used as the final basis for selection.