Purpose

The Hong Kong foreign exchange market is an international foreign exchange market that developed after the 1970s. Since Hong Kong abolished foreign exchange controls in the 1970s, a large amount of international capital has flowed in, and the Hong Kong foreign exchange market has developed rapidly. In order to help investors or practitioners gain a more comprehensive understanding of the foreign exchange dealers in the region, the field research team went to Hong Kong for an on-site visit.

Process

This time, the on-site investigation team went to Hong Kong, China as planned to visit forex broker SAXO. According to public information, its office address is 19th Floor, Shanghai Commercial Bank Tower, 12 Queen’s Road Central, Hong Kong.

A professional and experienced field investigation team, with a sense of mission to strictly vet for investors, went to Hong Kong, China following a meticulous plan. They conducted an on-site verification of the broker SAXO claiming to be located at 19th Floor, Shanghai Commercial Bank Tower, 12 Queen’s Road Central, Hong Kong.

The field investigators arrived smoothly at Shanghai Commercial Bank Tower, located at 12 Queen’s Road Central, Hong Kong. The surrounding environment was bustling with a strong commercial atmosphere. However, no company logo or related information of SAXO was found outside the building.

The investigators entered the building lobby and explained their purpose to the security guard. After communication, they obtained permission to enter.

Upon reaching the target floor, the 19th floor, the investigators found no obvious signage or security measures for the office area of SAXO. Since no information about the company was found on that floor, they could not enter the interior and were unable to take photos of the front desk and its logo. Moreover, the venue was not a shared office.

Even through the glass door, no interior environment of the so-called company could be observed. The overall situation was severely inconsistent with the broker's claim of having that office space.

Therefore, after the field investigation, it was confirmed that broker SAXO does not exist at the above address.

Conclusion

The inspection team went to Hong Kong, China as planned to visit forex broker SAXO. At its publicly displayed business address, they could not see the company name or other information of the broker, indicating that the broker does not have a real place of business. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

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