Purpose

The German foreign exchange market is a mature market that has developed in modern times. As one of Europe's important financial centers, its foreign exchange market is characterized by active trading and strict regulation. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Germany for field visits.

Process

In this issue, the on-site inspection team visited the forex broker NETRADEFX PRO in Germany as planned. According to public information, its office address is "Venloer Str 528 Koeln Nordrhein-Westfalen 5082 55 0 8 2 5 GERMANY".

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 target area in Germany to conduct a physical verification of the broker NETRADEFX PRO that claimed to be located at this address.

The inspectors successfully arrived at the target building, which is located at the specified address in Germany. However, surprisingly, this building is a residential building, with a hospital on the first floor. There were no signs of an office building, nor was there any commercial atmosphere related to the broker in the surrounding area, which seemed inconsistent with the broker's claimed office location. No company signage or related information was found on the exterior of the building.

The inspectors attempted to enter the building, but since the building itself is not of an office nature and the first floor is a hospital, they could not explain to relevant personnel their purpose of visiting the broker, and naturally failed to obtain entry permission.

Due to the inability to enter the building, they could not reach the target floor to confirm the office area situation of NETRADEFX PRO, let alone determine if there were any obvious signage or security measures. Since entry was completely impossible, they could not photograph the reception area, and the location was not a shared office.

Observing from the building's exterior, the inspectors noted that the overall environment of the building was simply a layout of ordinary residential buildings and a hospital, which completely did not match its claimed positioning as a forex broker's office.

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

Conclusion

The on-site inspection team visited the foreign exchange broker NETRADEFX PRO in Germany as planned. At its publicly displayed business address, they were unable to see information such as the broker's company name, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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