Purpose

The Hong Kong, China foreign exchange market developed into an international market after the 1970s. As one of the international financial centers, Hong Kong's foreign exchange market is characterized by active trading, a wide variety of currencies, and flexible trading hours. Backed by the Chinese mainland and facing the global market, it occupies an important position in Asian foreign exchange trading. 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 NewSolid as planned in Hong Kong, China. According to public information, its office address is Room B, 20th Floor, Yuehai Investment Tower, 148 Connaught Road Central, Sheung Wan, 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 148 Connaught Road Central, Sheung Wan, Hong Kong, China, to conduct a physical verification of the broker NewSolid that claims to be located at this address.

The inspectors successfully arrived at the Guangdong Investment Tower, located on Connaught Road Central, Sheung Wan, Hong Kong, with a strong surrounding commercial atmosphere. However, the building was undergoing maintenance and repairs at the time. No company signage or related information for NewSolid was found on the exterior of the building.

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

Upon reaching the target floor, the 20th floor, the inspectors found that NewSolid's office area had no obvious signage and no security measures. As no information about the company was found, the inspectors could not enter the interior, could not photograph the reception area, and the office was not a shared office space.

From the public areas on the floor, the inspectors were unable to observe the company's internal environment, and the overall situation could not be assessed to determine if it matched its claimed positioning.

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

Conclusion

The on-site inspection team visited the forex broker NewSolid at its publicly displayed business address in Hong Kong, China as planned, but was unable to 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.