Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s. As one of the important international financial centers, the Hong Kong foreign exchange market has characteristics such as active trading, strong liquidity, and a rich variety of trading products. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the team conducted on-site visits in Hong Kong, China.

Process

This period, the team went as planned to Hong Kong, China, for an on-site visit to forex broker BlaFX. According to publicly available information, its office address is Office 5, 8/F, Mega Cube, 8 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong.

A professional and experienced team, driven by a sense of mission to rigorously vet for investors, traveled to Hong Kong, China according to a well-planned schedule to conduct an on-site verification of the broker BlaFX claiming to be located at Office 5, 8/F, Mega Cube, 8 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong.

The team successfully arrived at the target building, Mega Cube, located at 8 Wang Kwong Road, Kowloon Bay. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company signage or relevant information for BlaFX was found on the exterior of the building.

The team entered the building lobby and explained their purpose to the security personnel. After brief communication, they obtained permission to enter. The directory inside the building displayed information for other companies at this address.

Upon reaching the target floor, the 8th floor, the team found no obvious signage for BlaFX in the office area. Due to reasons such as not having an appointment, the team was unable to enter the interior, could not photograph BlaFX's reception desk or logo, and noted that this office was not a shared workspace.

Through the glass door, the team could not observe the company's internal environment because security informed them they were not allowed to enter. The corresponding broker was not seen; only other companies were present. Upon inquiry, security personnel stated they had not heard of it, leading to the judgment that it was false.

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

Conclusion

The team visited the forex broker BlaFX at its publicly displayed business address in Hong Kong, China as planned, but was unable to see the broker's company name or other information at the location, indicating that the broker does not have a genuine physical 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.