Purpose

The German forex market is a mature foreign exchange market that has developed in modern times, renowned for its high degree of regulation and stability, occupying an important position in the European and even global forex markets. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Germany.

Process

The on-site inspection team visited the forex broker DerbyFX in Germany as planned. According to public information, its office address is Office number 2731, 27th floor, Main Tower, Neue Mainzer Str. 52 - 58, 60311 Frankfurt am Main, Germany.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Germany to conduct an on-site verification of the broker DerbyFX claiming to be located at Office number 2731, 27th floor, Main Tower, Neue Mainzer Str. 52 - 58, 60311 Frankfurt am Main, Germany.

The inspection personnel successfully arrived at Main Tower, located at Neue Mainzer Str. 52 - 58. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company signage or relevant information for DerbyFX was found on the exterior of the building.

The team entered the building lobby and stated their purpose to the security personnel. After communication, they obtained permission to enter.

However, the on-site inspectors were prohibited from going upstairs, thus unable to reach the target floor to verify the relevant situation. It was impossible to verify whether DerbyFX's office area had clear signage or security measures. Moreover, without access to the interior, it was confirmed that this office is not a shared workspace.

The on-site investigator found no information about this broker and determined it to be fraudulent. Therefore, the on-site verification confirmed that broker DerbyFX does not exist at the aforementioned address.

Conclusion

The inspection team visited Germany as planned to conduct an on-site investigation of the forex broker DerbyFX. At its publicly displayed business address, no information such as the company name of the broker could be found, indicating that the broker does not have a genuine business 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 used as the sole basis for final decision-making.