Purpose

The Hong Kong foreign exchange market is an international forex market that developed since the 1970s. As one of the world's important financial centers, Hong Kong has a highly open financial environment, an active forex trading atmosphere, and a well-established regulatory system. To help investors or practitioners understand the region's forex brokers more comprehensively, the team conducted an on-site visit to Hong Kong.

Process

This time the team went to Hong Kong, China as planned to visit the forex broker Vertical Markets in person. According to public information, its office address is Room A, 15/F, 52 Hung To Road, Kwun Tong, Hong Kong.

A professional and experienced team, with a sense of mission to strictly vet for investors, followed a well-planned itinerary and went to Hong Kong, China. They conducted an on-site verification of the broker Vertical Markets claiming to be located at Unit A, 15th Floor at that address.

The team arrived smoothly at the target building, which is located in the bustling Kwun Tong area of Hong Kong, with a strong commercial atmosphere on the surrounding streets and numerous shops and office buildings. However, no signage or relevant information of Vertical Markets was found on the exterior of the building.

The team entered the building lobby, stated their purpose to the security guard. After a brief communication, they obtained permission to enter the building.

Upon arriving at the target floor (15th floor), the team found no obvious signage of Vertical Markets in the office area, nor any relevant security measures. Although they successfully reached the specific location, since no trace of the company was found in the entire area, they naturally could not enter the interior. Additionally, the team was unable to take photos of the reception desk and its logo, and the office area was not a shared office.

Through the corridor, the team could not observe any environmental information inside the company because there was simply no office space for that company. After arriving, the team confirmed the address, but found no information about the broker. After inquiring with the security guard, the guard informed them that no such company existed. Therefore, it was determined that the broker is most likely a fake.

Therefore, after the on-site inspection, it was confirmed that the broker Vertical Markets does not exist at the above address.

Conclusion

The team visited the forex broker Vertical Markets in Hong Kong, China as planned. At its publicly displayed business address, the broker's company name and other information were not visible, indicating that the broker does not have a genuine business premises. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

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