Purpose

The Hong Kong, China foreign exchange market is an international forex market that has developed since the 1970s. As one of the international financial centers, its forex market is characterized by active trading, well-established systems, and strict regulation, holding a significant position in the Asian and even global forex markets. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker Discovery FX in Hong Kong, China as planned. According to public information, its office address is "Room 613A, 6/F, Ocean Centre, 5 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded according to a well-planned schedule to the Ocean Centre at 5 Canton Road, Tsim Sha Tsui, Hong Kong, China, to conduct a physical verification of the broker Discovery FX which claimed to be located in Room 613A, 6th Floor at this address.

The inspectors successfully arrived at the Ocean Centre, located in the bustling area of Tsim Sha Tsui, Kowloon, with a prosperous surrounding environment and a strong commercial atmosphere. However, no company signage or related information for Discovery FX 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, permission was granted to enter the building.

Upon reaching the target 6th floor, the inspectors found that the directory board displayed information for other companies. There were no obvious signs for Discovery FX in the office area, nor were there any related security measures. Upon inquiring with the reception staff, they were informed that this company was not present in the building. As no information about the company was found from the start, the inspectors were unable to enter the so-called company interior, failed to photograph the reception area of Discovery FX, and the floor was not a shared office space.

Through the public areas of the floor, the inspectors naturally could not observe the internal environment of the company, among other details. Overall, this situation does not align with its claimed positioning of having this office address.

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

Conclusion

The on-site inspection team went to Hong Kong, China as planned to conduct a field visit to the forex broker Discovery FX. At its publicly displayed business address, the team could not find information such as the company name of this broker, indicating that the broker does not have a genuine business premises. Investors should 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.