Purpose

The UK foreign exchange market is a long-established and highly developed international forex market that has held a significant position since the establishment of the modern financial system. It is characterized by large trading volume, a wide variety of trading instruments, and a diverse range of market participants, making it one of the core hubs of global foreign exchange trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to the UK to conduct field visits.

Process

In this issue, the on-site inspection team visited the forex broker Capitatrades in the United Kingdom as planned. According to public information, its office address is 1 College Hill, London EC4R 2RA, United Kingdom.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, proceeded to the United Kingdom according to a well-planned schedule to conduct a physical verification of the broker Capitatrades claiming to be located at 1 College Hill, London EC4R 2RA, United Kingdom.

The verification personnel successfully arrived at the target building. The building is located in a core area of London, situated on a less bustling street. The surrounding environment is relatively quiet, with a moderate commercial atmosphere. No company signage or related information for Capitatrades was found on the exterior of the building, but there were nameplates for other companies on the office building.

The verification personnel entered the building lobby. After stating their purpose to the security guard, they obtained permission to enter, but photography was not allowed inside the building.

Although they could enter the building lobby, no company nameplate for Capitatrades was found inside the building, nor was the company's LOGO seen. As the specific floor and location could not be confirmed, the verification personnel could not proceed to a specific floor to confirm its exact position. The verification personnel could not enter the company's interior, could not photograph the reception area or its LOGO, and the office space was not a shared office.

Under the circumstances of being unable to enter the company's interior, the verification personnel could not observe the internal office environment. There was a company called 'horizon' on the 2nd floor of the building they reached, but it could not be confirmed whether this company was related to Capitatrades.

Therefore, after the on-site verification, it was confirmed that the broker Capitatrades does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker Capitatrades 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 final basis for selection.