Purpose

The UK foreign exchange market, formed through a long-term development process, is one of the world's important forex markets, characterized by a long history, active trading, and strict regulation. It plays a pivotal role in global forex trading, with numerous international financial institutions and forex brokers conducting business here. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the team traveled to the UK for on-site visits.

Process

This time, the team visited the forex broker SOTASHI MONKTRADING in the UK as planned. According to public information, its office address is House - 65/4, London.

A professional and experienced team, with a sense of mission to strictly vet for investors, followed a thorough plan to the target area in the UK to conduct an on-site verification of the broker SOTASHI MONKTRADING claiming to be located at the aforementioned address.

The team arrived smoothly at the target building, which is located in the corresponding area of London. The surrounding environment appeared somewhat cluttered due to the building being under construction and renovation, and the business atmosphere was not strong. No signage or relevant information of the company was found outside the building.

The site inspection personnel attempted to enter the building but were unable to obtain entry permission and could not enter the company lobby. Looking inside the building, no company nameplate or logo was found.

Due to the ongoing construction, the site inspection personnel could not enter the building, could not reach the specific floors to confirm the exact location, and could not enter the company or take photos of its front desk. The office is not a shared office.

Through the building's entrance, the internal office environment could not be observed, the existence of the company could not be confirmed, and no information about the broker was found. It was determined to be false.

Therefore, after the site inspection, it was confirmed that the broker SOTASHI MONKTRADING does not exist at the aforementioned address.

Conclusion

The team went to the UK as planned to conduct an on-site visit to the forex broker SOTASHI MONKTRADING, but at its publicly displayed business address, they could not see the broker's company name or other information, indicating that the broker does not have a genuine business premises. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

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