Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s. As one of the world's important financial centers, the Hong Kong foreign exchange market attracts numerous international financial institutions and investors with its highly open, free, and active trading environment. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team for this period proceeded as planned to Hong Kong, China, to conduct a physical visit to the forex broker EncoreFX. According to publicly available information, its office address is ROOM 20 UNIT B3, 07/FL TUEN MUN INDUSTRIAL CENTRE, NO. 2 SAN PING CIRCUIT, TUEN MUN.

The professional and experienced inspection team, driven by a sense of mission to rigorously vet for investors, followed a meticulous plan and traveled to Hong Kong, China, to conduct an on-site verification of the broker EncoreFX, which claims to be located at ROOM 20 UNIT B3, 07/FL TUEN MUN INDUSTRIAL CENTRE, NO. 2 SAN PING CIRCUIT, TUEN MUN.

The inspectors successfully arrived at Tuen Mun Industrial Centre. The location is in the Tuen Mun District, with a relatively ordinary surrounding environment and average commercial atmosphere. No company signage or related information for EncoreFX was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter. The directory board inside the building showed information for other companies at this address. Upon inquiry, the security guard stated that there was no such company.

Upon reaching the target floor, the 7th floor, the inspectors found no clear signage for the EncoreFX office area and no security measures. As no information about the company was found, the inspectors were unable to enter the interior and could not photograph the EncoreFX reception area or logo. The office was not a shared workspace.

From the corridor area, the inspectors could not observe the internal environment of the company. The overall situation could not be assessed to determine if it matched its claimed positioning. No information about this broker was found, leading to the judgment that it is false.

Therefore, after the on-site inspection, it was confirmed that broker EncoreFX does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker's EncoreFX in Hong Kong, China as planned, and was unable to see the broker's company name or other information at its publicly displayed business address, indicating that the broker does not have a genuine business location. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.