Purpose

The UK foreign exchange market is a historically significant and highly developed international forex market that has grown steadily since the establishment of the modern financial system. It features enormous trading volumes, a wide variety of currencies, and diverse market participants, holding a pivotal position in global forex trading. To help investors or professionals gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in the UK.

Process

The on-site inspection team visited the foreign exchange broker PHYX TRADE in the UK as planned. According to public information, its office address is 32 London Bridge St, London, SE1 9SG, UK.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to the UK to conduct an on-site verification of the trader PHYX TRADE purportedly located at 32 London Bridge St, London, SE1 9SG, UK.

The inspection personnel successfully arrived at the target building, which is located at the Shangri-La Hotel next to the train station. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company signage or related information was found on the exterior of the building.

Upon entering the first floor of the building, the inspector found two restaurants. After explaining their purpose to the security personnel, they were informed that photography was not allowed inside the building and were denied entry permission.

Since access to the building's interior was not possible, reaching the target floor to confirm the office area situation of PHYX TRADE was also unattainable. Neither were there any visible company logos, nor was entry into the interior possible, let alone capturing images of the reception area or its logo. Additionally, this office space is not a shared workspace.

Through the glass doors of the building, it is still impossible to observe the internal environment of the company or other details. Overall, although the building appears very luxurious, it cannot be confirmed whether the company is truly located here.

Therefore, after on-site verification, it is confirmed that the broker PHYX TRADE does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker PHYX TRADE in the UK as planned. The broker's company name and other information were not found at the publicly displayed business address, indicating that the broker does not have 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 considered as the final basis for decision-making.