Purpose

The Hong Kong foreign exchange market in China developed into an international forex market in the 1970s. As one of the global financial centers, the Hong Kong forex market is highly active, with well-established systems and strict regulations. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker FlexTrade in Hong Kong, China as scheduled. According to public information, its office address is 21/F New World Tower 1, 16-18 Queen’s Road Central, Hong Kong.

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 an on-site verification of the dealer FlexTrade claiming to be located at 21/F New World Tower 1, 16 - 18 Queen’s Road Central, Hong Kong.

The inspection personnel successfully arrived at the target building, which is a relatively old commercial building located at Tower 1, New World Tower, 16-18 Queen's Road Central, Central, Hong Kong, surrounded by a strong commercial atmosphere. However, no company logo or related information of FlexTrade was found on the exterior of the building.

The surveyor entered the building lobby and stated their purpose to the security guard. After a brief communication, they obtained permission to enter.

Upon arriving at the target floor, the 21st floor, the field investigator found no clear signage for the FlexTrade office area and no security measures in place. As there was no trace of the company visible, the investigator was unable to enter the premises. It was not possible to photograph the reception desk or its logo, and the office was not a shared workspace.

Through the common areas of the floor, the on-site inspector was unable to observe the internal situation of the company. Overall, upon arriving at the floor, this trader was not seen, which does not align with its claimed positioning.

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

Conclusion

As planned, the field investigator visited the forex broker FlexTrade at its publicly displayed business address in Hong Kong, China, but found no 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 final basis for decision-making.