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 Victory Securities as planned according to its regulatory address that Unit 1101-03, 11/F, Yardley Commercial Building, 3 Connaught Road West, Sheung Wan, 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 Victory Securities at Yardley Commercial Building in Sheung Wan.

Yardley Commercial Building is situated in the heart of Sheung Wans financial and business district, surrounded by dense pedestrian traffic and a vibrant commercial atmosphere. The building is adjacent to multiple financial institutions, restaurants, and residential complexes, offering convenient transportation and well-developed infrastructure. Upon arrival, the investigators first observed the exterior of the building: its modern commercial design was well-maintained, with no visible signs of damage.

The inspection team entered the buildings ground-floor lobby, which featured an electronic directory. Upon verification, it clearly indicated the information for the 11th floor that Units 11A, E, F were displayed as “VICTORY SECURITIES CO. LTD.” and Units 1101-03 were listed as “VICTORY INSURANCE CONSULTANTS LTD.”

The investigators proceeded to the 11th floor via elevator. Upon exiting, the company name “VICTORY SECURITIES” was visibly displayed in the corridor, though no standalone external logo was observed. The floor directory confirmed that Units 1101-03 were indeed the premises of Victory Securities.

The survey team successfully located Units 1101-03 and confirmed that the office was independently occupied, not a shared workspace. Although internal access was restricted due to company policy prohibiting unapproved visits, external observation revealed clear signage, and a well-organized, tidy interior workspace was visible through the glass partitions.

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 Victory 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.