Purpose

The UK foreign exchange market is a long-established and highly developed international forex market. Since modern times, it has become one of the important global hubs for foreign exchange trading, leveraging its advantageous geographical location, well-developed financial system, and rich market experience. 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

In this issue, the on-site inspection team visited the forex broker STMARKET in the United Kingdom as planned. According to public information, its office address is 20 - 22 Wenlock Road, London, England, N1 7GU.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded to the United Kingdom according to a well-planned schedule to conduct a physical verification of the trader STMARKET claiming to be located at 20 - 22 Wenlock Road, London, England, N1 7GU.

The inspectors successfully arrived at the target building. The location is in an area near central London, not on a particularly bustling street, with a generally average commercial atmosphere. The office building's interior decoration is decent, but no company signage or related information was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security personnel. After communication, they obtained permission to enter.

Although entry into the building was possible, no directory listing for the company was found inside. As the specific floor location could not be determined, the inspectors could not reach the specific floor and confirm the exact location, and thus could not enter the company's premises. Furthermore, the office is a shared workspace, with many financial companies registered at this address.

From the lobby area, as entry into the company's interior was not possible, the internal environment of the company could not be observed. The reception desk was unable to provide any information about the company. The overall situation does not align with its claimed positioning.

Therefore, after the on-site inspection, it is confirmed that trader STMARKET does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the forex broker STMARKET in the UK as planned. At its publicly displayed business address, no information such as the broker's company name was visible, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.