Purpose

The foreign exchange market in Hong Kong, China is a mature offshore foreign exchange market that developed in the 1970s. As one of the world's important foreign exchange trading hubs, it features a sound regulatory system, free cross-border capital flows, and a high concentration of institutions, and is a core gathering place for foreign exchange trading in the Asia-Pacific region. In order to help investors or practitioners more comprehensively understand the foreign exchange dealers in the region, the field inspection team traveled to Hong Kong, China for an on-site visit.

Process

In this issue, the field inspection team went to Hong Kong, China as planned to conduct an on-site visit to forex broker LT Securities. According to public information, its office address is Room 1903, 19th Floor, Crocodile Garments Centre, 79 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong.

A professional and experienced on-site inspection team, with a sense of mission to strictly safeguard investors' interests, according to a well-planned schedule, went to Hong Kong, China. They conducted an on-site verification of the broker LT Securities that claims to be located at Room 1903, 19th Floor, Crocodile Center, 79 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong.

The team successfully arrived at Crocodile Center, which is located in the core commercial area of Kwun Tong, surrounded by clusters of office buildings, with a strong commercial atmosphere.

A complete panoramic view of the building was taken from the outside, and throughout the process, no company signs or related promotional information bearing the name LT Securities were found.

The team entered the lobby on the first floor of the building, explained their purpose to the security guard, and after a simple registration, successfully obtained permission to enter.

After arriving at the target floor, the 19th floor, the team checked all the directory signs on the floor, and found no markings with LT Securities, nor did they find any obvious sign at the door of Room 1903 bearing the broker's name.

Since no appointment was made in advance and no corresponding company is stationed at the address, the team could not enter the interior. This inspection confirmed that the premises are not a shared office. Although the reception area in the public area of the floor could be photographed, there was absolutely no logo related to LT Securities at the reception.

Through the glass door of Room 1903, the team confirmed that the room was vacant, with no office equipment or traces of personnel activity, completely inconsistent with the business positioning claimed by the broker. After asking the on-site security guard, they received a clear answer that a company named LT Securities had never been stationed in the building. Upon arrival, it was confirmed that this was the publicly stated address, but no information about the broker was found throughout the process, and it was determined that the office address claimed by the broker was a false address.

Therefore, after the on-site inspection, it is confirmed that the broker LT Securities does not exist at the above address.

Conclusion

On-site inspectors went to Hong Kong, China as planned to conduct a field visit to the forex broker LT Securities. At its publicly displayed business address, they could not see the broker's company name or other information, indicating that the broker does not have a real business premises. Investors are advised to make their decision after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.