Purpose

The UK forex market is a long-established and highly mature global forex market, occupying a pivotal position in the international financial system. It is characterized by large trading volume, flexible trading hours, and numerous financial institutions. 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 the UK.

Process

In this issue, the on-site inspection team went to the United Kingdom as planned to conduct an on-site visit to the forex broker Metrowave FX. According to public information, its office address is 32 Bishopsgate, London, EC2N 4AJ, United Kingdom.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, followed a meticulous plan and traveled to the United Kingdom to conduct a physical verification of the broker Metrowave FX claiming to be located at 32 Bishopsgate, London, EC2N 4AJ, United Kingdom.

The inspectors successfully arrived at the address indicated by Google Maps. However, the street signs at this intersection jumped directly from number 40 to number 22, and number 32 could not be found. Meanwhile, number 22 is a very luxurious office building, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company signage or relevant information for Metrowave FX was found on the exterior of the building.

The inspectors entered the lobby of the building at number 22, explained their purpose to the staff, and inquired about the street sign for number 32 and information about the company Metrowave FX. The staff indicated they had never seen a street sign for number 32 and also had not heard of this company.

As the target address could not be found, the inspectors were unable to reach the target floor. Consequently, they could not confirm whether Metrowave FX had clear signage or security measures, let alone enter the premises. Furthermore, this address was not a shared office space.

As entry was not possible, the inspectors were unable to observe the internal environment of the company and other related conditions.

Therefore, after the on-site inspection, it was confirmed that the broker Metrowave FX does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker Metrowave FX in the UK as planned. At its publicly displayed business address, no information such as the broker's company name was visible, indicating that the broker does not have a genuine physical business location. 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 selection.