Purpose

The UK foreign exchange market is one of the globally important foreign exchange markets formed over a long historical development. It has characteristics such as large trading volume, flexible trading hours, and numerous financial institutions, occupying a pivotal position in global forex trading. To help investors or practitioners gain a more comprehensive understanding of forex dealers in this region, the survey team went to the UK for an on-site visit.

Process

In this issue, the on-site investigation team planned to visit the forex broker Hillsassets in the UK. According to public information, its office address is 51 Lime St, London, UK.

A professional and experienced on-site inspection team, with a mission to strictly vet for investors, went to the UK according to a well-planned schedule. They conducted a field verification of the broker Hillsassets claiming to be located at 51 Lime St, London, UK.

The on-site inspectors arrived at the target building smoothly. The location is in a bustling area of London, with a clean surrounding environment and a strong business atmosphere. However, no signs or related information of the company were found outside the building.

The on-site inspectors entered the lobby of the building and stated their purpose to the security guard. After friendly communication, they obtained permission to enter.

Although they entered the lobby, the process of reaching the target floor was not smooth. Since there was no company nameplate in the building, nor any signs related to the company, they could not confirm the specific floor and location. Because they could not find the specific location, the inspectors could not enter the company's interior, nor could they take photos of the reception desk and its logo. Moreover, the office is not a shared office.

Through the glass door, unable to enter the company's interior, they could only see the view of the building's public areas. They could not observe the company's internal environment, decoration style, or employee activities. Overall, no signs related to this broker were found, which is completely inconsistent with what the broker claims.

Therefore, after the on-site inspection, it was confirmed that the broker Hillsassets does not exist at the above address.

Conclusion

The inspection team visited the forex broker Hillsassets in the UK as planned. At its publicly displayed business address, the company name and other information of the broker were not visible, indicating that the broker does not have a real business premises. Investors should make their decisions after comprehensive consideration.

Disclaimer

The above content and views are for reference only and do not constitute the basis for final decision.