Purpose

The Hong Kong foreign exchange market is an important international forex market that developed in the 1970s. Hong Kong, as an international financial center, has active forex trading with high openness and internationalization. Its geographical location is superior, connecting Asia with European and American markets, and the time zone advantage enables global forex trading to proceed 24/7. It gathers many internationally renowned financial institutions and forex brokers, with a wide variety of trading products, relatively sound regulatory framework, and strong market liquidity. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, a professional team has conducted an on-site visit to Hong Kong.

Process

This issue's survey team planned to visit the Hong Kong physical office of forex broker JRTRADE as scheduled. According to public information, its office address is RM 7B, ONE CAPITAL PLACE, 18 LUARD ROAD, WAN CHAI HK.

Professional and experienced site investigators, with a sense of mission to strictly screen for investors, followed a meticulous plan and went to Hong Kong, China. They conducted an on-site verification of the broker JRTRADE claiming to be located at RM 7B, ONE CAPITAL PLACE, 18 LUARD ROAD, WAN CHAI HK.

The site investigators successfully arrived at ONE CAPITAL PLACE, located at 18 Luard Road, Wan Chai, Hong Kong, China. The surrounding area is bustling with a strong commercial atmosphere. However, no company logo or related information of JRTRADE was found outside the building.

The site investigators entered the lobby of the building and stated their purpose to the security guard. After a friendly conversation, they obtained permission to enter the building.

After arriving on the 7th floor, the site investigators found no clear signage for JRTRADE's office area, nor any related security measures. Since no information about the company was found in the building, the investigators could not enter the company premises, nor could they take photos of the reception desk and its logo. Moreover, the office area was not a shared office.

Through the glass door, the site investigators could not observe the interior environment of the company because they were unable to get close to the so-called office area. Upon arrival, they confirmed the address, but found no information about the broker. After inquiring with the security guard, they were told that the company did not exist, and it was judged to be non-existent. The overall situation does not match the claim of having a real office.

Therefore, after the site visit, it was confirmed that the broker JRTRADE does not exist at the above address.

Conclusion

The field inspector went to Hong Kong, China as planned to visit the forex dealer JRTRADE. At the publicly displayed business address, the dealer's company name and other information were not visible, indicating that the dealer does not have a real place of business. Investors should consider this comprehensively before making a decision.

Disclaimer

The above content and opinions are for reference only and do not constitute the basis for final decisions.