Purpose

The UK forex market is a historically significant and highly developed international forex market. Since the 19th century, leveraging its advantageous geographical location, robust financial infrastructure, and abundant financial talent resources, it has become a crucial hub for global forex trading. Numerous forex transactions are conducted here worldwide, with enormous trading volumes and a diverse range of trading products. To assist investors or professionals in gaining a more comprehensive understanding of UK forex brokers, the on-site verification team traveled to the UK for field visits.

Process

The on-site inspection team visited the forex broker ICRYPT in the UK as planned. According to publicly available information, its office address is Evri Parcel Shop, 28 - 30 W Ham Ln, London E15 4SA, United Kingdom.

A professional and experienced site visit team, driven by a sense of mission to rigorously vet for investors, proceeded according to a well-planned schedule to the target area in the UK to conduct a physical verification of the broker ICRYPT claiming to be located at the aforementioned address.

The site visit personnel successfully arrived at the address. The location is situated in a specific area of London, surrounded by ordinary street environments with a general commercial atmosphere. No company sign or related information for ICRYPT was found on the exterior of the building.

The site visit personnel smoothly entered the lobby. Upon entering, they only saw an ordinary store. Upon inquiring with the store staff, they were informed that there was no such company here.

The site visit personnel discovered that there was no office area for ICRYPT. Since it was not the company's office premises, the site visit personnel could not enter the relevant company interior, could not photograph the company reception desk, and the location was not a shared office.

Based on the store environment, it can be judged that the overall environment does not match its claimed positioning as a forex broker.

Therefore, after the site visit, it was confirmed that the broker ICRYPT does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the forex broker ICRYPT in the United Kingdom as planned. At the publicly displayed business address, the inspector could not find 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 opinions are for reference only and should not be used as the basis for final selection.