Purpose

The UK forex market is a long-established and highly mature international forex market, occupying a pivotal position in global forex trading. It possesses a well-developed financial regulatory system, a rich variety of financial products, and diverse market participants. To help investors and practitioners gain a more comprehensive understanding of UK forex brokers, the on-site inspection team traveled to the UK for a field visit.

Process

This time, the site inspection team went to the UK as planned to conduct an on-site visit to forex broker Bit Live Trade, and according to public information, its office address is 60 Grays Inn Rd, London WC1X 8AQ, United Kingdom.

A professional and experienced on-site inspection team, with a sense of mission to strictly vet on behalf of investors, followed a meticulous plan and traveled to the United Kingdom to conduct an on-site verification of the broker Bit Live Trade, which claims to be located at 60 Grays Inn Rd, London WC1X 8AQ, United Kingdom.

The inspection team arrived at the target building without difficulty. The site is in a bustling part of London, with a tidy surrounding environment and a strong commercial atmosphere. However, no signage or relevant information about the company was found on the exterior of the building.

The inspectors entered the building's lobby and explained their purpose to the security guard. After a brief communication, they were granted access.

Although they entered the building lobby, after reaching the target floor, no obvious signage was found for Bit Live Trade's office area. As there was no company nameplate in the building, no related LOGO was found, and it was not a shared office, the inspectors could not confirm the company's specific location, nor could they enter the interior, let alone photograph the front desk or the front desk LOGO.

From the lobby, the inspectors could not observe the company's internal environment. After arriving, they confirmed that this was indeed the address, but found no information about the broker. When asked, the security guard said that no such company existed, leading them to judge it as fake. Therefore, after the site inspection, it was confirmed that the broker Bit Live Trade does not exist at the aforementioned address.

Conclusion

The survey team visited the forex broker Bit Live Trade in the UK as planned. However, at the publicly displayed business address, they could not see the company name or any other information of the broker, indicating that the broker does not have a real business premises. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and do not constitute the basis for final selection.