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 Kong’s 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 plans to pay on-site visits to local companies.

On-site visit

In this issue, the survey team went to Hong Kong, China to visit forex broker Grandly Financial Group as planned according to its regulatory address that Suite 1403, Yue Xiu Building, Wan Chai, Hong Kong.

The seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the broker Grandly Financial Group in Yue Xiu Building in Wan Chai.

Situated in the heart of Wan Chai, Yue Xiu Building is surrounded by a vibrant commercial atmosphere with heavy pedestrian and vehicular traffic, offering convenient transportation—a typical Hong Kong business district setting. The exterior of the building is well-maintained, consistent with the standard of commercial office towers in the area. The surrounding streetscape is assessed as average, matching the general level of nearby commercial properties.

To ensure a thorough inspection, the survey team easily accessed the lobby of Yue Xiu Building, which was tidy and functionally organized. On the prominently placed public directory, they clearly identified the company name “Grandly Financial Group” along with its corresponding floor information—“14/F.” This directly confirmed that the company maintains an office presence in the building, with its details publicly displayed.

For a more comprehensive assessment, the investigators proceeded to the target floor. Upon arriving at the 14th floor via elevator, they once again observed clear signage in the elevator lobby or common area directing them to “Grandly Financial Group” or Suite 1403. They successfully located Unit 1403, where the company’s logo was displayed at the entrance or nearby public space, further verifying that the unit was exclusively leased by the firm. Based on the exterior and observable areas, the team confirmed that the office was not a shared workspace but an independently occupied unit.

However, despite reaching the entrance of Suite 1403 and confirming the company’s signage and logo, the inspection team was not granted access to the internal office area. As a result, they were unable to assess the specific layout or operations inside.

Through the on-site investigation, it is confirmed that the broker maintains a physical presence at the above address.

Conclusion

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

Disclaimer

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