Purpose

The Hong Kong foreign exchange market in China developed into an international forex market after the 1970s. As one of the global financial centers, Hong Kong's forex market is characterized by active trading, numerous participants, and a wide variety of trading products, holding a significant position in both Asian and global forex markets. 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 LivaFX in Hong Kong, China as planned. According to public information, its office address is Room B, 10/F., Tower A, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and visited the Eton Place in Kowloon Bay, Hong Kong, China, to conduct an on-site verification of the trader LivaFX claiming to operate at this address.

The inspection personnel successfully arrived at Billion Centre, located at 1 Wang Kwong Road, Kowloon Bay. The surrounding streets are quite bustling with a strong commercial atmosphere. However, no company signage or related information for LivaFX was found on the exterior of the building.

The on-site inspector entered the building lobby, explained their purpose to the security personnel, and after a brief communication, obtained permission to enter. There was no information about the company on the directory inside the building.

Upon arriving at the target floor (10th floor), the field investigator found no clear signage for LivaFX in the office area, nor any security measures. Without an appointment and no visible information about the dealer on-site, the investigator was unable to enter the premises. Additionally, it was not possible to photograph the reception desk or its logo, and the office space was not a shared workspace.

Through the glass door, the on-site inspector was unable to observe the internal environment of the company due to poor visibility. Overall, it is judged that the office address claimed by the broker may be false.

Therefore, after on-site verification, it was confirmed that the broker LivaFX does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker's publicly displayed business address in Hong Kong, China as planned LivaFX, but found no information such as the company name of the trader, 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 considered as the final basis for selection.