Reason for this visit

The international forex market in Hong Kong has been developing since the 1970s. Due to the removal of forex control in Hong Kong since 1973, there has been a large inflow of international capital, and an increasing number of financial institutions operating forex business have mushroomed. The forex market has become more and more active, developing into an international forex market. Hong Kong forex market is an invisible market without a fixed trading venue. Traders conduct forex transactions through various modern communication facilities and computer networks. Hong Kongs geographical location and time zone conditions are similar to those of Singapore, making it very convenient to trade with other international forex markets. Participants in Hong Kong forex market are mainly commercial banks and financial companies. There are three types of forex brokers in this market: local brokers, whose business is limited to Hong Kong; international brokers who have expanded their business to the Hong Kong forex market since the 1970s; international brokers that grow locally and has expanded their business to forex markets abroad. In an attempt to help investors or practitioners gain a more comprehensive understanding of current status of forex brokers in Hong Kong, WikiFX survey team determines to pay on-site visits to local companies.

On-site visit

In this issue, the survey team went to Hong Kong, China to visit forex broker YUEXIU SECURITIES as planned according to its regulatory address that Unit 4917-4937, 49/F, Sun Hung Kai Centre, 30 Harbour Road, Wan Chai, Hong Kong.

The seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the broker YUEXIU SECURITIES in Sun Hung Kai Centre at 30 Harbour Road, Wan Chai.

The investigators successfully arrived at Sun Hung Kai Centre, 30 Harbour Road, Wan Chai—a prime commercial district in Hong Kong—based on the provided information. This Grade A office tower, situated in the heart of Wan Chai, boasts a modern and impressive exterior, with clean and orderly surrounding streets, a vibrant business atmosphere, and convenient transportation, leaving a highly favorable first impression. However, no company name or logo related to YUEXIU SECURITIES was found on the exterior of the building.

To ensure a thorough inspection, the investigators entered the grand lobby inside the building without let or hindrance and quickly located “YUEXIU SECURITIES” clearly listed on the 49th floor in the buildings directory.

To gain a more comprehensive understanding of the actual situation, the inspection team then proceeded to the 49th floor. After taking the elevator directly to the designated level, they successfully found Units 4917-4937, with clear signage pointing to YUEXIU SECURITIES. The area was dedicated exclusively to the companys operations, not a co-working space, aligning with the independence and security requirements expected of a financial institution.

Posing as potential investors interested in opening an account, the investigators entered the company‘s reception area. The front desk was professionally designed, with the company’s logo prominently displayed on the backdrop. After expressing their intention to open an account to the reception staff, a manager from the company came out to assist. During the conversation, the manager provided detailed information on the required documentation, account opening procedures, and related services. The exchange proceeded smoothly, with the manager demonstrating professionalism, leaving the survey team with the impression of a well-regulated operation. The interior decor was conservative and professional, and through the open workspace, the investigators observed a clean and orderly office environment.

Through the on-site investigation, it is confirmed that the broker maintains a physical presence at the above address.

Conclusion

The survey team went to Hong Kong, China to visit broker YUEXIU SECURITIES as scheduled and found the company at its regulatory address. It signifies that the broker has a physical office at the place. Meanwhile, investors are advised to make a well-considered decision following much deliberation.

Disclaimer

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