Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s. It is one of the world's important foreign exchange trading centers, characterized by active trading, an open market, and strict regulation. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Hong Kong, China for a field visit.

Process

The on-site inspection team for this period went to Hong Kong, China as planned to conduct an on-site visit to the forex broker Scotia International. According to public information, its office address is Salisbury Road, Tsim Sha Tsui, 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 Tsim Sha Tsui, Salisbury Road, Hong Kong, China, to conduct a physical verification of the broker Scotia International claiming to be located at this address.

The inspectors successfully arrived at Salisbury Road, Tsim Sha Tsui, Hong Kong. The surrounding area is a bustling commercial district with a strong business atmosphere. However, upon careful observation around the street, no signage or any relevant information related to the broker was found.

The inspectors entered the lobbies of some buildings in the area, explaining their purpose to security guards or staff. After communication, although permission to enter the building was granted, no directory board listing broker Scotia International nor the company's logo was found inside the building.

Due to the incomplete address information of the broker, after conducting inquiries in the surrounding area, no information about the company was found. The inspectors could not determine its specific floor and office area, let alone enter the company's premises. They were also unable to photograph a reception area, and the office location was not a shared workspace.

Through the public areas of the building, as they could not enter the company's interior, they were unable to observe the internal environment and other conditions of the company. Overall, the broker's situation does not match its claimed positioning.

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

Conclusion

The on-site inspector visited the forex broker Scotia International at its publicly displayed business address in Hong Kong, China as planned, but could not find 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 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.