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 broker LGT as planned according to its regulatory address that Suite 4203, Two Exchange Square, 8 Connaught Place, Central, Hong Kong.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the prominent forex broker LGT at Two Exchange Square in Central.

The target address is located in the core business district of Central, Hong Kong, surrounded by financial institutions, high-end office buildings, restaurants, and residential areas. The area is densely populated with bustling streets. During the on-site inspection, the investigators observed convenient transportation, a strong commercial atmosphere, and modern, well-maintained building exteriors, consistent with the characteristics of an international financial hub. The target building is “Two Exchange Square,” a prominent high-rise with a glass curtain wall facade.

The inspection team successfully entered the buildings ground-floor lobby, which was clean and had standardized security measures. The lobby directory clearly listed “LGT BANK (Hong Kong)” on the 42nd floor, fully matching the registered information.

The team proceeded to the 42nd floor via elevator. In the common area, the company name “LGT Bank (Hong Kong)” and its logo were visibly displayed on the wall, further confirming the companys physical presence.

Although access to the companys interior was restricted due to lack of authorization, the external signage and floor information verified its existence. Additionally, the investigators noted no signs of a co-working space on this floor, with the company occupying an independent office area, ruling out the possibility of a shared workspace.

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 LGT 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.