Purpose

The Dutch forex market is a mature foreign exchange market formed through a long-term financial development process, characterized by a high degree of openness and an active trading atmosphere. It occupies an important position in the European and even global foreign exchange markets, attracting numerous investors and traders. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to the Netherlands for field visits.

Process

In this issue, the on-site inspection team visited the foreign exchange broker BASETRADE in the Netherlands as planned. According to public information, its office address is Gustav Mahlerlaan 10, 1082 PP Amsterdam.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, traveled to the Netherlands according to a meticulous plan to conduct a physical verification of the broker BASETRADE that claims to be located at Gustav Mahlerlaan 10, 1082 PP Amsterdam.

The inspectors successfully arrived at the target building. The location is in a specific area of Amsterdam, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company signage or related information for BASETRADE was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After communication, they were granted permission to enter.

However, upon reaching the target floor, the inspectors found no clear signage indicating the office area of BASETRADE. When inquiring at the lobby reception, the receptionist stated they had never heard of this company, mentioned that only ABN is in this building, and believed that BASETRADE has no relation to ABN. As the specific location could not be confirmed, the inspectors could not access the specific floor, let alone enter the company's interior. They were unable to photograph the reception area of BASETRADE, and the office was not a shared workspace.

From the lobby area, as they could not enter the company's interior, the inspectors were unable to observe the internal environment and other conditions of the company. Overall, the current situation does not match the positioning claimed by this broker.

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

Conclusion

The on-site inspection team went to the Netherlands as planned to visit the forex broker BASETRADE. At its publicly displayed business address, they were unable to see information such as the company name of the broker, indicating that the broker does not have a genuine 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.