Purpose

The Hong Kong foreign exchange market in China is an international forex market that developed after the 1970s. As one of the global financial centers, Hong Kong boasts an active forex market with high liquidity and relatively sound regulation. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker 1000X in Hong Kong, China as scheduled. According to public information, its office address is 8/F Mega Cube, Kowloon, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the trader 1000X reportedly located at 8/F Mega Cube, Kowloon, Hong Kong.

The inspection personnel successfully arrived at the target building, which is located in the Kowloon area of Hong Kong, surrounded by a strong commercial atmosphere. However, no signage or relevant information of the company was found on the exterior of the building.

The surveyor entered the building lobby and stated their purpose to the security personnel. After communication, they obtained entry permission. Upon entering, no company signage was found.

Upon arriving at the target floor (8th floor), the field investigator found no visible signage for 1000X in the office area, nor any related security measures. After inquiring with the security personnel, they were informed that no such company exists in the building. Since the company was not present there, the investigator could not enter the premises to photograph the reception area or logo, and the office was not a shared workspace.

Through the common areas of the floor, as access to the company's interior was not possible, the internal environment of the company could not be observed. Overall, this situation does not align with its claimed positioning.

Therefore, after on-site verification, it is confirmed that the dealer 1000X does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker 1000X at its publicly displayed business address in Hong Kong, China as planned, but did not find any information such as the company name of the broker, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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