Purpose

Hong Kong, China's foreign exchange market is a core offshore forex market in the Asia-Pacific region that developed in the 1970s. As the world's third-largest forex trading center, it relies on the location advantages of a free port, a mature financial regulatory system, and a highly open capital flow environment, attracting a large number of forex brokers from around the world to establish a presence. To help investors gain a more comprehensive understanding of the actual operations of forex brokers in the region and avoid financial losses caused by encountering brokers that falsely conduct business, the visit team traveled to Hong Kong, China to conduct an on-site visit.

Process

This time, the visiting team went to Hong Kong, China as planned to conduct an on-site visit to forex broker LERTHAI. According to public information, its office address is Room 2863 28/F AIA Central, 1 Connaught Road, Central, Hong Kong.

A professional and experienced visit team, with a sense of mission to strictly safeguard investors' interests, proceeded to Hong Kong, China, according to a well-planned schedule. They conducted an on-site verification of the broker LERTHAI, which claims to be located at Room 2863 28/F AIA Central, 1 Connaught Road, Central, Hong Kong.

The inspection personnel successfully arrived at the AIA Central building. The location is along Connaught Road in the core of Central, Hong Kong, adjacent to Victoria Harbour, with a very strong surrounding commercial atmosphere. It is a landmark Grade A commercial office building in Central, Hong Kong. A clear full panoramic view of the building's exterior could be completely photographed, and the entire building's exterior signage is clear and prominent. The surrounding streets are well-equipped, with dense pedestrian and vehicle traffic, belonging to Hong Kong's top-tier financial and business district. Throughout the exterior of the building, no company signage or related promotional information bearing the name LERTHAI was found.

The inspection personnel smoothly entered the ground-floor lobby of the building. After stating their purpose to the on-site security guard and completing information registration and communication, they successfully obtained permission to enter the interior of the building.

After the inspection personnel arrived at the target floor, the 28th floor, they checked the door numbers of all office units floor by floor and unit by unit, confirming that Room 2863 actually exists. However, throughout the process, no obvious signage or related signboard was found for LERTHAI's office area. The office premises are not a shared office, and there was absolutely no opportunity to photograph the broker's front desk or the LOGO at the front desk. Since the office area is an independent enclosed office premises, entry was impossible without an advance appointment. They were blocked outside the office area throughout and could not view the so-called internal company environment of LERTHAI.

The visit team repeatedly checked the room number and public address information on site, confirming that the visited address was exactly consistent with the address publicly disclosed by LERTHAI. However, in all areas of the entire building from the lobby to the 28th floor, no relevant information about the broker was found. After inquiring with the building's resident security guard on site, the guard clearly stated that a company named LERTHAI had never moved into the entire building.

Therefore, after the visit, it was confirmed that the broker LERTHAI does not exist at the above publicly disclosed address.

Conclusion

The visiting personnel went to Hong Kong, China as planned to conduct an on-site visit to the foreign exchange broker LERTHAI. At the business address it publicly displays, they were completely unable to see any relevant information such as the broker's company name, indicating that the broker does not have a real business premises. Investors are advised to consider information from multiple sources comprehensively before making prudent choices.

Disclaimer

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