Purpose

The Hong Kong, China foreign exchange market, which has developed since the 1970s, has become one of Asia's important forex trading centers due to its advantageous geographical location, robust financial system, and open policy environment. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker CurrencyFair in Hong Kong, China as scheduled. According to public information, its office address is Office 12100, 12/F, YF Tower, 33 Lockhart Road, Wan Chai, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the trader CurrencyFair purportedly located at YF Tower, 33 Lockhart Road, Wan Chai.

The inspector successfully arrived at YF Tower, which is located in a bustling area with a strong commercial atmosphere. However, no company signage or related information for CurrencyFair was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After a brief communication, they obtained permission to enter the building. Upon inquiring at the front desk, they were informed that the company did not exist.

Upon arriving at the target floor (12th floor), the field investigator found no clear signage for CurrencyFair's office area, nor any relevant security measures. The investigator attempted to enter for further inspection but was unable to proceed as there were no visible signs of the company's presence on that floor. Additionally, they failed to capture photos of the reception area or its logo, and the space was not a shared office.

Through the public areas of the floor, since no corresponding company area was found, it was impossible to observe the so-called internal environment of the company. The overall situation does not match its claimed positioning.

Therefore, after on-site verification, it is confirmed that the dealer CurrencyFair does not exist at the above address.

Conclusion

The on-site investigator visited the forex trader CurrencyFair in Hong Kong, China as planned, but could not find any information such as the company name at the publicly displayed business address, indicating that the trader does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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