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, its foreign exchange market is characterized by active trading, strong liquidity, and strict regulation. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Hong Kong, China.

Process

In this issue, the on-site inspection team visited the forex broker RedSun as scheduled in Hong Kong, China. According to public information, its office address is Room 3303, 33/F, West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Sheung Wan, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded according to a well-planned schedule to the target area in Hong Kong, China, to conduct a physical verification of the broker RedSun claiming to be located at the aforementioned address.

The inspection personnel successfully arrived at Shun Tak Centre West Tower, located at 168-200 Connaught Road Central, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or relevant information for RedSun was found on the exterior of the building.

The inspection personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter.

Upon reaching the target floor, the 33rd floor, the inspection personnel found no information about this company on the directory board. The office area had no prominent signage for RedSun, nor were there corresponding security measures. However, as the company's office area was not located, they could not enter the interior. The inspection personnel were unable to photograph the reception area of RedSun, and the office space was not a shared office.

Through the floor corridors, the inspection personnel also did not observe any internal office environment or other content related to RedSun. The overall situation did not match its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that the broker RedSun does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the forex broker RedSun at its publicly displayed business address in Hong Kong, China as planned, but could not see any information such as the broker's company name at the location, 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.