Purpose

The UK foreign exchange market is a globally significant forex market that has developed over a long historical process. It is characterized by its enormous trading scale, diverse range of instruments, and varied market participants, occupying a core position in global forex trading. To help investors or practitioners gain a more comprehensive understanding of forex dealers in the region, the due diligence team traveled to the UK for an on-site inspection.

Process

This time, the on-site inspection team went to the UK as planned to visit the forex broker Dynasty Trade. According to public information, its office address is Edmund House 12 - 22, Newhall Street, Birmingham, B3 3AS, UK.

The professional and experienced inspection team, with a sense of mission to strictly vet for investors, traveled to the United Kingdom according to a carefully planned itinerary to conduct an on-site verification of the broker Dynasty Trade claiming to be located at Edmund House 12 - 22, Newhall Street, Birmingham, B3 3AS, UK.

The inspectors arrived smoothly at Edmund House, located on Newhall Street in Birmingham, UK. The surrounding environment is relatively bustling with a strong commercial atmosphere. However, no company signage or related information for Dynasty Trade was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After a brief communication, they obtained permission to enter.

As no relevant information about the company was found in the building's exterior or lobby, its specific floor could not be determined. The inspectors were also unable to reach the target floor to confirm the exact location, let alone enter the company's premises. Additionally, they could not photograph the front desk or its logo, and this office is not a shared office.

After arriving, the inspectors confirmed that the address is accurate, but they found no information about this broker. Upon inquiry, the security guard told them that no such company exists. The overall situation does not match the broker's claimed positioning, leading to the conclusion that the broker's address is false.

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

Conclusion

The on-site inspection team visited the forex broker Dynasty 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 serve as the basis for final selection.