Reason for this visit

Forex market is the world’s largest financial market, with daily trading volume hitting trillions of dollars. The major forex trading centers are London, New York, Tokyo, Singapore, etc., and USD is the most traded currency. In recent years, the emerging forex brokers are attracting more invests and institutions to the market, especially the highly developed, liquid US forex market with a slew of participants. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in the US, WikiFX survey team is determined to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to the US to visit forex broker TSC FX GROUP as planned according to its purported regulatory address that 2112 S. Cherry Street 10th Floor Denver CO 80246.

The investigators came to 2112 S. Cherry Street in Denver in Colorado, US for an on-site visit to the broker’s office.

Upon reaching 2112 S. Cherry Street, the survey personnel made an initial observation of the surrounding environment. Surprisingly, the street was lined with low-rise bungalows, without any signs of a commercial building. This discovery raised doubts among the field investigators, who then proceeded to conduct further searches using Google Maps. However, there was no information available on the map regarding 2112 Cherry Street.

With the doubts, the field investigators drove to the target location following the directions provided by the map, hoping to find the possibly existing building. After an extensive search, they were unable to find a house with the corresponding number. This undoubtedly put the field investigation at a standstill. Furthermore, the survey team carefully searched the TSC FX GROUP website https://www.tscfxgroupltd.com/en, but unfortunately found no mention of the above address. Through the on-site investigation, it is clear that the broker does not exist at the address.

Thus, it is confirmed that TSC FX GROUP does not have a physical presence at the location.

Conclusion

The survey team went to the US to visit broker TSC FX GROUP as scheduled, but did not find the company at the aforementioned address. It indicates that the company does not have a physical business office at the place. Accordingly, investors are advised to make a sensible decision following much deliberation.

Disclaimer

The content is for informational purpose only, and shall not be taken as a final order for making a choice.