Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed in the 1970s. As one of the international financial centers, the Hong Kong forex market features active trading, a high degree of openness, and a rich variety of trading products. 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

The on-site inspection team visited the forex broker Kitco Markets in Hong Kong, China as planned. According to public information, its office address is Level 8 Cambridge House, Talkoo Place, 979 Kings Road, Quarry Bay, Hong Kong.

A professional and experienced 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 dealer Kitco Markets claiming to be located at Level 8 Cambridge House, Talkoo Place, 979 Kings Road, Quarry Bay, Hong Kong.

The inspection personnel successfully arrived at the target building, located at 979 Kings Road, Quarry Bay, Hong Kong. The surrounding environment is relatively bustling with a strong commercial atmosphere. However, no signage or relevant information of the company was found on the exterior of the building.

The inspection personnel entered the building lobby and explained their purpose to the security guard. However, due to not having an elevator card, they were unable to obtain entry permission.

Since they could not reach the target floor, they were unable to discover whether the office area of Kitco Markets had clear signage or security measures. Without entry permission, the inspection personnel could not enter the interior, could not photograph the reception desk and its LOGO, and the office was not a shared office.

Through the public area, as they could not enter, the inspection personnel could not observe the company's internal environment and other conditions. No information about this dealer was found, raising doubts about its authenticity.

Therefore, after the site inspection, it was confirmed that dealer Kitco Markets does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker Kitco Markets in Hong Kong, China as planned. At its publicly displayed business address, the investigator could not see 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 opinions are for reference only and should not be used as the basis for final selection.