Purpose

The Hong Kong foreign exchange market in China is an international forex market that developed after the 1970s. Since the implementation of financial liberalization policies in Hong Kong during the 1970s, the forex market has grown rapidly. 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 Btcadafx in Hong Kong, China as planned. According to public information, its office address is 3102, 31/F, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the trader Btcadafx claiming to be located at 3102, 31/F, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong.

The inspector successfully arrived at Central Plaza, located at 18 Harbour Road, Wan Chai, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. However, no signage or relevant information about the company was found on the exterior of the building.

The field investigator entered the building lobby and explained their purpose to the security personnel. After communication, they obtained entry permission. The directory inside the building showed that this address was registered under another company's information.

Upon arriving at the target floor, the 31st floor, the field investigator found that the office area of Btcadafx had no clear signage or security measures. Since the company does not actually exist at this location, the investigator was unable to enter the premises, take photos of the reception area or its logo, and confirmed that the office was not a shared workspace.

Through the common areas of the floor, the on-site inspector naturally cannot observe the internal environment of the company and other conditions. After the on-site inspection, it was confirmed that the broker Btcadafx does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Btcadafx 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 used as the sole basis for decision-making.