Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed after the 1970s. As one of the international financial centers, Hong Kong's foreign exchange market features active trading, sound regulations, and high market transparency. 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

This time, the on-site inspection team went as planned to Hong Kong, China, to conduct a field visit to the forex broker Usdtfx limited. According to publicly available information, its office address is RM 4, 16 / F, Ho King comm CTR, 2 - 16 fayuen St. Mongkok, Kowloon, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded according to a meticulous plan to Hong Kong, China, to conduct a physical verification of the broker Usdtfx limited which claims to be located at RM 4, 16 / F, Ho King comm CTR, 2 - 16 fayuen St. Mongkok,  Kowloon, Hong Kong.

The inspectors successfully arrived at the target building, located in Mong Kok, Kowloon, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. However, no signage or relevant information for the company 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 were granted permission to enter.

Upon reaching the target floor, the 16th floor, the inspectors found that the office area of Usdtfx limited had no clear signage and no security measures. As no information about the company was found, the inspectors were unable to enter the premises. Furthermore, the office was not a shared workspace.

Through the closed door, the inspectors could not observe the interior environment of the company. The overall situation did not match its claimed positioning.

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

Conclusion

The on-site inspector visited the forex broker's publicly displayed business address in Hong Kong, China, as planned, but was unable to see any 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.