Purpose

The UK foreign exchange market is one of the globally significant forex markets formed through a long historical development process, characterized by large trading volume, a rich variety of trading instruments, and numerous market participants. As one of the core hubs for global foreign exchange trading, it occupies a pivotal position in the international financial field. 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

The team visited the forex broker GLOBAL REACHOUT in the UK as planned. According to public information, its office address is 1 America Square London, EC3, Great Britain.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded according to a detailed plan to the target area in the United Kingdom. They conducted a physical verification of the broker GLOBAL REACHOUT, which claimed to be located at 1 America Square London, EC3, Great Britain.

The inspectors successfully arrived at the target building. The location is situated in a specific area of London, surrounded by a strong commercial atmosphere and relatively bustling streets. However, no signage or any relevant information about broker GLOBAL REACHOUT was found on the exterior of the building.

The inspectors entered the building lobby and explained their purpose to the security personnel. After communication, they were unable to obtain entry permission. Upon inquiry, the security personnel stated that there was no such company.

Observing from outside, there was no information about this company on the internal directory board inside the building. As the specific floor and location could not be confirmed and entry was not permitted, the inspectors were unable to reach the target floor.

Therefore, the inspectors could not enter the company's interior, nor could they photograph the GLOBAL REACHOUT's reception area. The office area was also not a shared workspace. The internal office environment could not be observed through the glass either. Overall, it was impossible to confirm whether it matched the claimed positioning.

Finally, after the inspection, it was confirmed that broker GLOBAL REACHOUT does not exist at the aforementioned address. No information about this broker was found, leading to the judgment that it is false.

Conclusion

The on-site inspection team visited the foreign exchange broker GLOBAL REACHOUT at its public business address in the UK as planned, but found no information such as the company name of the broker at that location, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the basis for final choice.