Purpose

The Hong Kong, China foreign exchange market has developed into an international forex market since the 1970s. As one of the global financial centers, its forex market is characterized by active trading, strong liquidity, and sound regulation. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an inspection team conducted on-site visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker WALDORF in Hong Kong, China as scheduled. According to public information, its office address is Room 822, 8th Floor, Ocean Centre, Harbour City, Tsim Sha Tsui, Kowloon.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Hong Kong, China, to conduct a physical verification of the trader WALDORF claiming to be located at Room 822, 8th Floor, Ocean Centre, Harbour City, Tsim Sha Tsui, Kowloon.

The field investigator successfully arrived at Ocean Centre, Harbour City in Tsim Sha Tsui, Kowloon. The location is situated in the bustling Tsim Sha Tsui area, surrounded by a vibrant environment and a strong commercial atmosphere. However, no signage or relevant information of the company was found on the exterior of the building.

The inspector entered the building lobby and explained their purpose to the security personnel. After a brief communication, they were granted entry. The directory inside the building indicated that the company at this address is Mingde Finance.

Upon arriving at the target floor (8th floor), the field investigator found no clear signage indicating the WALDORF office area. After entering, they discovered it was Mingde Finance, not the claimed broker, leading to the conclusion that the broker's address was false. Since there was no office space for the broker, the investigator could not enter the premises, take photos of the reception area or its logo, and confirmed that the area was not a shared office space.

Through the glass door, the inability to see the internal environment related to this broker makes the overall situation inconsistent with its claimed positioning.

Therefore, after on-site verification, it is confirmed that the broker WALDORF does not exist at the above address.

Conclusion

The inspection team visited the foreign exchange broker WALDORF at its publicly displayed business address in Hong Kong, China as planned, but did not find any information such as the company name of the broker, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be considered as the final basis for decision-making.