Purpose

The UK foreign exchange market is an important international forex market formed through a long historical development process, characterized by large trading volume, diverse trading products, and numerous market participants. As one of the core regions for global foreign exchange trading, it holds 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

The on-site inspection team visited the foreign exchange broker CRYSTAL CLEAR FX MARKETS in the United Kingdom as planned. According to public information, its office address is 107 Cheapside, London, United Kingdom.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, followed a meticulous plan and traveled to the target area in the United Kingdom to conduct a physical inspection of the broker CRYSTAL CLEAR FX MARKETS, which claimed at 107 Cheapside, London, United Kingdom.

The inspectors successfully arrived at the target building, located in a specific area of London. However, upon arrival, they found the entire building under construction and temporarily closed. The surrounding environment appeared messy due to the construction, and the commercial atmosphere was not strong as the building was not open. No company logo or relevant information of the broker was found on the exterior of the building.

The inspectors attempted to enter the building lobby but were unable to obtain entry permission due to the building being under construction and temporarily closed.

As they could not enter the building, they were unable to reach the target floor to confirm the status of the broker's office area. They could not see if the broker had clear signage, could not enter the interior, and could not photograph the reception area of CRYSTAL CLEAR FX MARKETS, and the area was not a co-working space.

Through the construction barriers around the building, the inspectors could not observe the internal environment of the company. The overall situation did not match its claimed positioning of having a normal business premises.

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

Conclusion

The on-site inspectors visited the forex broker CRYSTAL CLEAR FX MARKETS in the UK as planned, but could not find any information,  such as the company name at its publicly displayed business address, indicating that the broker does not have a genuine 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 choice.