Purpose

The German foreign exchange market is a significant foreign exchange market formed through a long-term process of financial development. It is highly regulated and active, occupying an important position in foreign exchange trading both in Europe and globally. To assist investors or practitioners in gaining a more comprehensive understanding of German forex brokers, the team traveled to Germany for on-site visits.

Process

This period, the team went to Germany as planned to conduct an on-site visit to the forex broker Derby Forex. According to public information, its office address is Office number 2731, 27th floor, Main Tower, Neue Mainzer Str. 52 - 58, 60311 Frankfurt am Main.

A professional and experienced team, driven by a sense of mission to rigorously vet investments for investors, traveled to Germany according to a meticulous plan to conduct an on-site verification of the broker Derby Forex which claimed to be located at this address.

The team successfully arrived at the Main Tower, an ultra-luxury office building located in the center of Frankfurt, with a strong commercial atmosphere and surrounded by major financial companies.

However, the building was closed that day, and access to the lobby was not possible. From the outside, the internal directory could be seen, revealing that the 27th floor housed two other companies, with no information for Derby Forex.

Due to the building closure, entry permission could not be obtained, and thus access to the target floor, the 27th, was not possible. Naturally, it was also impossible to see if there were clear signs or security measures in Derby Forex's office area, nor to enter the interior, take photos of Derby Forex's reception desk, and the office was not a shared workspace. Through the building's glass, the internal environment of the company could not be observed.

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

Conclusion

The team visited the forex broker Derby Forex at its publicly displayed business address in Germany as planned. However, the broker's company name and other information could not be seen at the location, indicating that the broker does not have a genuine physical business premises. 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.