Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed after the 1970s. As one of the international financial centers, Hong Kong's foreign exchange market is highly active in trading, characterized by a high degree of openness and internationalization. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Hong Kong, China for field visits.

Process

The on-site inspection team visited the forex broker WALDORF in Hong Kong, China as planned. According to public information, its office address is 2/F, Fung Lok Commercial Building, 157-163 Wing Lok Street, Sheung Wan, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, traveled to Hong Kong, China according to a well-planned schedule. Based on the aforementioned information, they conducted an on-site visit to the broker WALDORF.

The inspectors proceeded to the address at 157-163 Wing Lok Street, Fung Lok Commercial Building, Sheung Wan, Hong Kong, to conduct an on-site verification of the broker WALDORF which claimed to be located at this address.

The inspectors successfully arrived at Fung Lok Commercial Building, located on Wing Lok Street, Sheung Wan, Hong Kong. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company signage or related information for WALDORF was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After brief communication, they obtained permission to enter. No directory board or information for this company was found in the lobby.

Upon reaching the target floor, the 2nd floor, the inspectors found that the office area of WALDORF had no clear signage and no security measures. As the specific office location of the company could not be identified, the inspectors were unable to enter the interior. Therefore, they could not photograph the reception area, and the office was also not a shared workspace.

From the public areas on the floor, the inspectors were unable to observe the internal environment of the company and found no information whatsoever regarding this broker, casting doubt on its authenticity.

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

Conclusion

The on-site investigator visited the forex broker WALDORF at its publicly displayed business address in Hong Kong, China as planned, but was unable to see any information such as the broker's company name at the location, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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