Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed after the 1970s. Since Hong Kong abolished foreign exchange controls, international capital has flowed in massively, foreign exchange business has flourished, and the Hong Kong foreign exchange market has gradually become one of the world's important foreign exchange trading centers. 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 on-the-ground visits.

Process

The on-site inspection team for this issue went as planned to Hong Kong, China, to conduct a field visit to the forex broker Logic IQ. According to public information, its office address is 40 - 44 Bonham Strand, 7F Central, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded to Hong Kong, China according to a meticulous plan to conduct a physical verification of the broker Logic IQ claiming to be located at 40 - 44 Bonham Strand, 7F Central, Hong Kong.

The inspectors successfully arrived at the target building, located in Central, Hong Kong, with relatively bustling surrounding streets and a strong commercial atmosphere. However, no company signage or related information for Logic IQ was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After brief communication, permission to enter the building was obtained. On the directory board inside the building, there was no information about this company.

Upon reaching the target floor, the 7th floor, the inspectors found no clear signage for Logic IQ's office area, nor any related security measures. As no information about the company was found, entry to the interior was not possible. Furthermore, they could not photograph the target company's reception area; this office space was not a shared office.

From the public area on the floor, as entry into the company interior was impossible, the internal environment and other conditions of the company could not be observed. Inquiries at the reception indicated there was no such company, leading to the judgment that it was false.

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

Conclusion

The on-site investigator visited the forex broker Logic IQ at its publicly displayed business address in Hong Kong, China as planned, but was unable to see the broker's company name or other information 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.