Reason for this visit

The international forex market in Hong Kong has been developing since the 1970s. Due to the removal of forex control in Hong Kong since 1973, there has been a large inflow of international capital, and an increasing number of financial institutions operating forex business have mushroomed. The forex market has become more and more active, developing into an international forex market. Hong Kong forex market is an invisible market without a fixed trading venue. Traders conduct forex transactions through various modern communication facilities and computer networks. Hong Kongs geographical location and time zone conditions are similar to those of Singapore, making it very convenient to trade with other international forex markets. Participants in Hong Kong forex market are mainly commercial banks and financial companies. There are three types of forex brokers in this market: local brokers, whose business is limited to Hong Kong; international brokers who have expanded their business to the Hong Kong forex market since the 1970s; international brokers that grow locally and has expanded their business to forex markets abroad. In an attempt to help investors or practitioners gain a more comprehensive understanding of current status of forex brokers in Hong Kong, WikiFX survey team determines to pay on-site visits to local companies.

On-site visit

In this issue, the survey team went to Hong Kong, China to visit broker Metaverse Securities as planned according to its regulatory address that Suite 4806-07, 48/F, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the prominent forex broker Metaverse Securities in Hong Kong. The target address for this inspection was Suite 4806-07, 48/F, Central Plaza, 18 Harbour Road, Wanchai.

Wan Chai District serves as a crucial financial and commercial hub in Hong Kong, featuring dense pedestrian flow and comprehensive commercial infrastructure that encompasses dining, retail, residential and educational facilities. Central Plaza stands as a landmark Grade A office tower with a modern facade and excellent transportation accessibility.

Upon entering the building, the inspection team examined the lobby directory which clearly displayed “Metaverse Securities Limited” and “Ether Wealth Management Limited” on the 48th floor - an exact match with the registered information that initially confirmed the address authenticity.

The team then proceeded to the 48th floor via elevator. While no floor directory was present in the common area, visual inspection revealed Unit 4806-07 with prominent glass-door signage displaying “Metaverse Securities”, “Metaverse Futures” and “Ether Wealth” along with their respective logos, providing conclusive evidence of the companies' physical presence.

Although interior access was not permitted, observations through the glass doors confirmed a professionally maintained office space with minimalist decor and standard workstation arrangements.

Through the on-site investigation, it is confirmed that Metaverse Securities has a physical presence at the location.

Conclusion

The survey team went to Hong Kong, China to visit broker Metaverse Securities as scheduled, and found the company at its regulatory address. It denotes that the broker has a physical business office at the place. Meanwhile, investors are advised to make a well-considered decision following much deliberation.

Disclaimer

The content is for informational purpose only, and shall not be taken as a final order for making a choice.