Purpose

The Hong Kong foreign exchange market, developed in the 1970s as an international financial center, boasts a high degree of internationalization and a mature financial system, occupying a significant position in Asian forex trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in Hong Kong, the survey team conducted an on-site visit to Hong Kong.

Process

This on-site verification team visited as planned the forex broker Texas in Hong Kong, China. According to public information, its office address is UNIT NO.A222, 3F, HANG FUNG INDUSTRIAL BUILDING, PHASE 2, NO.2G HOK YUEN STREET, HUNGHOM, HONG KONG.

A professional and experienced on-site inspection team, with a sense of mission to strictly check for investors, followed a thorough plan and went to Hong Kong, China. They conducted an on-site verification of the broker Texas claiming to be located at the above address.

The inspection personnel successfully arrived at the target building, which is HANG FUNG INDUSTRIAL BUILDING, located at NO.2G HOK YUEN STREET, HUNGHOM, HONG KONG. The surrounding environment is generally ordinary, with a mediocre business atmosphere. No signage or any relevant information of the company was found outside the building.

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

After arriving at the target floor, the 3rd floor, the inspection personnel found that there were no obvious signs of the office area of Texas company, nor any relevant security measures. Since there was no information about the company in the building, they could not enter the so-called company interior. Furthermore, they could not take pictures of the front desk and its logo, and the premises was not a shared office.

Looking through the common area of the floor, due to the absence of a corresponding office area, it was impossible to observe the company's interior environment, decoration style, and employee activities. Upon arrival, they confirmed that it was the address, but found no information about the broker. The security guard informed them that there was no such company, and it was judged to be false.

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

Conclusion

The on-site surveyor went to Hong Kong, China as planned to visit forex broker Texas. The company name or other information of the broker was not seen at its publicly displayed business address, indicating that the broker does not have a real business location. Please make your decision after comprehensive consideration.

Disclaimer

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