Purpose

The UK foreign exchange market is a long-established and highly developed international forex market, holding a pivotal position in global foreign exchange trading. It possesses a comprehensive financial regulatory system, a diverse range of financial products, and an active trading environment. To assist investors or practitioners in gaining a more comprehensive understanding of forex brokers in this region, the on-site verification team conducted field visits in the UK.

Process

In this issue, the on-site inspection team went to the United Kingdom as planned to conduct an on-site visit to the forex broker BCR. According to public information, its office address is Kemp House, 160 City Road, London, City Road, London, England, EC1V 2NX.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, followed a meticulous plan and traveled to the UK to conduct a physical verification of the broker BCR that claims to be located at Kemp House, 160 City Road, London, City Road, London, England, EC1V 2NX.

The inspectors successfully arrived at the target building. However, surprisingly, the location was not an office building as expected, but an eye hospital. This area is relatively bustling in London, but the surrounding environment does not match the office location claimed by the broker. Although the commercial atmosphere is strong, it is not a financial office atmosphere. No signage or any relevant information of broker BCR was found on the exterior of the building.

The inspectors entered the lobby and, after stating their purpose to the security guard, obtained permission to enter. However, no directory board information for broker BCR was found inside the building, nor was the company's LOGO present within the building.

Since the building is not an office building, the inspectors could not access the specific floor claimed to confirm the exact location. Furthermore, this venue is not a shared office space.

From the lobby area, as they could not enter the company's interior, they could only see the relevant facilities and personnel activities of the eye hospital. The overall environment completely contradicts the positioning claimed by broker BCR.

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

Conclusion

The on-site inspection personnel went to the UK as planned to conduct a field visit to the forex broker BCR. 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 physical business location. 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.