Purpose

The UK foreign exchange market is one of the globally significant foreign exchange markets formed through long-term development, characterized by a long history, active trading, and strict regulation. It occupies an important position in global foreign exchange trading, with numerous international financial institutions and forex brokers conducting business here. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the UK, the on-site inspection team traveled to the UK for on-the-ground visits.

Process

The on-site inspection team visited the forex broker HIGHMONT GROUP in the UK as planned. According to public information, its office address is 22 Bishopsgate, London EC2N 4BQ, UK.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded according to a detailed plan to the target address in the UK. They conducted an on-site verification of the broker HIGHMONT GROUP, which claims to be located at this address.

The inspectors arrived at the target building, located in a bustling area of London with a clean surrounding environment and a strong commercial atmosphere. However, no company signage or related information for this broker 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 obtained permission to enter. Inside the building, no directory board for this company was found.

Upon reaching the target floor, the inspectors did not find the office area of HIGHMONT GROUP. As no information related to the company was discovered, the inspectors were unable to enter the interior or photograph the reception area. The office area was not a shared workspace.

From the hallway area, the inspectors could not observe the internal environment of the company and found no information whatsoever about this broker, leading to the conclusion that it is fraudulent.

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

Conclusion

The on-site inspection team went to the UK as planned to conduct a physical visit to the forex broker HIGHMONT GROUP. At its publicly displayed business address, they were unable to see information such as the company name of this broker, indicating that this 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.