Purpose

The UK forex market is a globally significant forex market formed through long-term historical development. It possesses characteristics such as large trading volume, diverse trading products, and numerous market participants, holding a pivotal position in international forex trading. To assist investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the team conducted on-site visits in the UK.

Process

This time, the team went to the UK as planned to visit the forex broker STATE STREET on-site. According to public information, its office address is Second Floor, 41 St James's Place, London, United Kingdom, SW1A 1NS.

A professional and experienced team, driven by a sense of mission to rigorously vet for investors, proceeded to the target area in the UK according to a detailed plan to conduct an on-site verification of the trader STATE STREET claiming to be located at the aforementioned address.

The team successfully arrived at the target building, located in a bustling area of London, with a clean surrounding environment and a strong commercial atmosphere. However, no signage or related information of the company was found outside the building.

The inspectors attempted to enter the building but failed to obtain entry permission, unable to access the company lobby or observe the company's directory board and logo inside the building.

Due to inability to enter the building, the inspectors could not reach the specific floor and confirm the exact location, nor could they enter the company interior and photograph its front desk; this office was not a shared office. Through the building's main door, the internal office environment of the company could not be observed, and the existence of the company could not be confirmed.

The inspectors found no information whatsoever about this trader. The overall situation did not match its claimed positioning, and it was judged to be false.

Therefore, after the site inspection, it was confirmed that trader STATE STREET does not exist at the aforementioned address.

Conclusion

The team went to the UK according to the plan to conduct a field visit to the forex brokerSTATE STREET. 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 should make their choices after comprehensive consideration.

Disclaimer

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