Purpose

The UK foreign exchange market is an internationally significant market formed through a long historical development process, characterized by large trading volumes, a rich variety of trading products, and diverse market participants. As one of the core hubs of global foreign exchange trading, it occupies a pivotal position in the international financial field. 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

This period's on-site inspection team went as planned to the United Kingdom to conduct a field visit to the forex broker ARCTICA LIMITED. According to public information, its office address is 1 Undershaft, London EC3A 8EE, UK.

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 UK to conduct a physical verification of the broker ARCTICA LIMITED claiming to be located at 1 Undershaft, London EC3A 8EE, UK.

The inspectors successfully arrived at the target building. The building is located in central London, surrounded by a bustling environment and a strong commercial atmosphere. However, the building is under renovation, and no company signage or relevant information was found on the exterior.

The inspectors attempted to enter the building lobby but were unable to obtain entry permission due to the ongoing renovation.

As entry to the building was impossible, the inspectors could not reach the target floor, let alone determine if ARCTICA LIMITED's office area had prominent signage. Due to the inability to enter, they could not photograph a reception desk, and it was not a shared office space.

From outside the building, the inspectors could not observe the company's internal environment or other conditions. Overall, due to the building renovation preventing entry, it was impossible to confirm if it matched the claimed location.

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

Conclusion

The on-site inspector visited the forex broker ARCTICA LIMITED at its publicly displayed business address in the UK as planned. The broker's company name and other information could not be seen at the address, 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.