Purpose

The Hong Kong foreign exchange market in China has developed into an international forex market since the 1970s. As one of the global financial centers, the Hong Kong forex market is highly active, well-regulated, and strictly supervised. 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 TungTai in Hong Kong, China as planned. According to public information, its office address is Room 2309 - 2311, 23rd Floor, CITIC Tower, 1 Tim Mei Avenue, Central, 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 CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong, China, to conduct an on-site verification of the trader TungTai claiming to be located at this address.

The inspection personnel successfully arrived at CITIC Tower, located in the bustling area of Central, Hong Kong, with a vibrant surrounding environment and strong commercial atmosphere. However, no company signage or related information of TungTai was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter the lobby. However, no company nameplate for TungTai was found inside the lobby either.

Due to the strict building management, even with a clear room number provided, outsiders are not allowed to go upstairs, so the surveyor cannot reach the target floor (23rd floor) to confirm the specific location. Naturally, they cannot enter the company's interior, take photos of the reception area or the logo at the front desk. Additionally, this office is not a shared workspace.

Through public areas, the inspector cannot observe the internal situation of the company.

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

Conclusion

The on-site investigator visited the forex broker TungTai in Hong Kong, China as planned, but found no information such as the company name at the publicly displayed business address, indicating that the broker does not have a genuine operational 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 considered as the final basis for selection.