Purpose

The UK foreign exchange market is an internationally significant forex market formed over a long period of development, with a long history and active trading, occupying a key position in global forex trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the site inspection team traveled to the UK for an on-site visit.

Process

This time, the on-site inspection team went to London as planned to physically visit forex broker Bit-Matic. According to public information, its office address is 20 Fenchurch St, London EC3M 8AF.

A professional and experienced site visit team, with a sense of mission to strictly vet for investors, traveled to the UK according to a meticulous plan. They conducted an on-site verification of the broker Bit-Matic, claiming to be located at 20 Fenchurch St, London EC3M 8AF.

The site visit personnel arrived smoothly at the target building, which is located in the London financial center area, with a bustling surrounding environment and a strong business atmosphere. However, no signage or relevant information of the company was found outside the building.

The site visit personnel entered the building lobby and explained their purpose to the security guard. After a brief communication, they obtained permission to enter.

Although they could enter the building lobby, no company directory listing or company logo was found inside the building. As they could not confirm the specific floor and location of the company, they were unable to go to the specific floor to verify the exact location, and thus could not enter the company's premises. At the same time, they could not take photos of the reception desk or the reception desk's logo. The office is not a shared office.

After arriving, they confirmed it was the address, but found no information about the broker. Upon inquiry, the security guard informed them that there was no such company, leading to the judgment that it was fraudulent. They could not observe the company's interior through the glass door because they were simply not allowed in. The overall situation did not match the claimed location.

Therefore, after the site visit, it was confirmed that the broker Bit-Matic does not exist at the above address.

Conclusion

According to plan, the field surveyor went to the UK to physically inspect the forex broker Bit-Matic. At the publicly displayed business address, the broker's company name and other information were not visible, indicating that the broker does not have a real business premises. Investors are advised to make their decision after comprehensive consideration.

Disclaimer

The above content and views are for reference only and do not constitute a final basis for selection.