Purpose

The German forex market is a mature foreign exchange market formed through long-term financial development, characterized by a high degree of openness and activity, playing a significant role in European and even global forex trading. 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 PrimeLTD inc. in Germany as planned. According to public information, its office addresses are Jürgen-Ponto-Platz 1, 60329 Frankfurt am Main and 100 King Street West, Suite 7210, Toronto, Ontario, M5X 1E1.

A professional and experienced on-site inspection team, driven by a mission to rigorously safeguard investors' interests, meticulously planned and traveled to the target area in Germany to conduct an on-site verification of the broker PrimeLTD inc. claiming to operate at this address.

The inspection personnel successfully arrived at the target building, which is located at the corresponding geographic location. The surrounding environment conditions are difficult to accurately describe due to the absence of the trading company's office. No signage or relevant information of the company was found on the exterior of the building.

The inspector entered the building lobby and stated their purpose to the security guard or staff. After communication, they failed to obtain entry permission.

Due to the inability to enter the building and reach the target floor, it was impossible to determine whether PrimeLTD inc.'s office area had clear signage or security measures. Since access was denied, there was no opportunity to photograph the reception desk or its logo, nor was there any presence of shared office space.

The inspector could only observe from the outside. Upon arrival, they confirmed it was the correct address but found no information about this broker, casting doubt on its authenticity. Therefore, the on-site verification confirmed that broker PrimeLTD inc. 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 PrimeLTD inc.. At the publicly displayed business address, they were unable to find any information indicating the broker's company name, confirming the broker does not maintain a genuine physical business location. Investors are advised to carefully consider this information when making their decisions.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.