Purpose

The Hong Kong foreign exchange market, developed in the 1970s, is an international forex market that plays an important role in global forex trading due to its advantageous geographical location as a bridge connecting Asia with European and American markets. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site survey team visited Hong Kong for a field inspection.

Process

This verification team went to Hong Kong, China as planned to visit the forex broker Specialists Forex. According to public information, its office address is UNIT NO.A222, 3F, HANG FUNG INDUSTRIAL BUILDING, PHASE2, NO.2G HOK YUEN STREET, HUNGHOM HK.

A professional and experienced onsite verification team, with a sense of mission to strictly scrutinize for investors, followed a well-planned itinerary to Hong Kong, China. They conducted an onsite inspection of the broker Specialists Forex, claimed to be located at UNIT NO.A222, 3F, HANG FUNG INDUSTRIAL BUILDING, PHASE2, NO.2G HOK YUEN STREET, HUNGHOM HK.

The onsite verification team arrived at the target building, located at 2G Hok Yuen Street, Hung Hom, Hong Kong. The surrounding environment did not have any special features associated with a specific company park, and the street lacked any distinctive atmosphere related to the company. No signage or any information related to the company was found outside the building.

After entering the building lobby, the onsite verification team explained their purpose to the security guard. After communication, they obtained permission to enter.

Upon arriving at the target floor, the 3rd floor, the onsite verification team found that the office area of Specialists Forex had no clear signage or corresponding security measures. Although they successfully reached the specific floor and confirmed the specific location, they were unable to enter the interior because the office area lacked prominent information about the company, and upon inquiry, the security guard stated that there was no such company as Specialists Forex. They were also unable to photograph the reception desk or the reception desk logo; this location is not a shared office.

Through the glass door, the interior could not be seen because no office space corresponding to the company was found at all. The overall situation did not match the claimed location of the broker.

Therefore, after the onsite verification, it was confirmed that the broker Specialists Forex does not exist at the above address.

Conclusion

The survey team visited the forex broker Specialists Forex in Hong Kong, China as planned. 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 genuine business premises. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

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