Purpose

The UK foreign exchange market is an important international forex market formed through historical development, with a high degree of openness and activity, occupying a key position in global forex trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the fact-finding team conducted an on-site visit to the UK.

Process

This on-site investigation team planned to visit the forex broker Stocket in the UK. According to public information, its office address is 68 Wardour St EC7O 7NE London, United Kingdom.

A professional and experienced site visit team, with a sense of mission to strictly vet for investors, followed a meticulous plan to travel to the target area in the UK. They conducted an on-site inspection of the broker Stocket, which claims to be located at the aforementioned address.

The site visit personnel arrived at the target building, located in a specific area of London, UK. The surrounding environment was relatively bustling with a strong commercial atmosphere. However, no signage or relevant information of the company was found outside the building.

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

Due to the inability to enter the building, the site visit personnel could not reach specific floors to confirm the exact location, nor could they enter the company premises or photograph the reception area. The office is not a shared office. Through the building entrance, it was impossible to observe the internal office environment and confirm whether the company exists.

The site visit personnel were unable to observe the internal environment of the company and found no information about the broker. Inquiring with the security guard, they were informed that the company does not exist, leading to the conclusion that it is fraudulent.

Therefore, after the site visit, it was confirmed that the broker Stocket does not exist at the aforementioned address.

Conclusion

The survey team went to the UK as planned to physically inspect the forex broker Stocket. They were unable to see the company name or other information of the broker at its publicly displayed business address, 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 opinions are for reference only and should not be used as the basis for final decisions.