Purpose

The Hong Kong foreign exchange market in China is an international forex market that developed in the 1970s. As one of the global financial centers, its forex market is characterized by active trading, strong liquidity, and a rich variety of trading products. 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 BlockFiMarkets in Hong Kong, China as scheduled. According to public information, its office address is Unit 1411, 14th floor, Cosco Tower, 183 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 trader BlockFiMarkets purportedly located at Unit 1411, 14th floor, Cosco Tower, 183 Queen's Road Central, Hong Kong.

The inspection personnel successfully arrived at COSCO Tower, located at 183 Queen's Road Central, Central, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or related information for BlockFiMarkets 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 company's information was not found on the directory board inside the building.

Upon arriving at the target floor (14th floor), the field surveyor did not find any prominent signage for BlockFiMarkets in the office area. However, due to reasons such as lack of prior appointment, the surveyor was unable to enter the interior and could not photograph the reception desk or its logo. This office is not a shared workspace.

Through the glass door, the on-site inspector was unable to enter and thus could not observe the internal environment of the company. Throughout the inspection process, no information about the company was found, leading to the conclusion that it is fraudulent.

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

Conclusion

The field investigator visited the forex broker BlockFiMarkets at its publicly displayed business address in Hong Kong, China as planned, 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 selection.