Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s. As one of the important international financial centers, the Hong Kong foreign exchange market is characterized by active trading, strong liquidity, and a rich variety of trading products. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team went to Hong Kong, China for a field visit.

Process

As scheduled, the on-site inspection team visited the forex broker __TERM_0__ in Hong Kong, China. Public information shows its office address is RFLAT/RM A 12F KIUFU COMMERCIAL BLDG, 300 LOCKHART RD, WANCHAI HK.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded to Hong Kong, China according to a well-planned schedule to conduct a physical verification of the broker Solid claiming to be located at RFLAT/RM A 12F KIUFU COMMERCIAL BLDG,300 LOCKHART RD,WANCHAI HK.

The inspectors successfully arrived at the target building, located at 300 Lockhart Road, Kiu Fu Commercial Building, Wan Chai, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or related information for Solid was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter. The directory inside the building showed information for other companies at this address.

Upon reaching the target floor, the 12th floor, the inspectors found no prominent signage for Solid in the office area, nor any security measures. As no company-related information was found, the inspectors were unable to enter the interior, could not photograph the reception area, and noted that the office was not a shared workspace.

Through the glass door, the inspectors could not observe the internal environment of the company, making it impossible to judge whether the overall situation matched its claimed positioning. No information about this broker was found. Inquiry with the security guard revealed there was no such company, leading to the judgment that it is false. Therefore, after the on-site inspection, it was confirmed that broker Solid does not exist at the aforementioned address.

Conclusion

The on-site inspection team went to Hong Kong, China as planned to conduct a field visit to the forex broker Solid. At its publicly displayed business address, they were unable to see information such as the broker's company name, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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