Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s. Hong Kong's geographical location is superior, serving as an important hub connecting the European, American, and Asian markets. Its foreign exchange market is highly active with numerous participants, covering banks, financial institutions, enterprises, and individual investors, among others. 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 time, the team went to Hong Kong, China as planned to conduct an on-site visit to the forex broker EKOLFX. According to public information, its office address is RM402K, 3/E, Hong Kong Trade Centre, 161-167 Des Voeux Road Central, Hong Kong.

A professional and experienced team, driven by a sense of mission to strictly vet for investors, proceeded according to a well-planned schedule to Hong Kong Trade Centre at 161-167 Des Voeux Road Central, Central, Hong Kong, China, to conduct an on-site verification of the dealer EKOLFX, which claims to be located at RM402K, 3/E of that address.

The team successfully arrived at Hong Kong Trade Centre, located on Des Voeux Road Central in Central, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or related information for EKOLFX was found on the exterior of the building.

The team entered the building lobby and stated their purpose to the security personnel. After brief communication, they obtained permission to enter. On the internal directory board, there was no information for this company.

Upon reaching the target floor, the 3rd floor, the team found no clear signage for EKOLFX's office area, nor any related security measures. As no information about the company was discovered, the team could not enter the premises. Furthermore, they were unable to photograph a reception desk, and the office area was not a shared workspace.

From the public areas on the floor, the team naturally could not observe the company's internal environment or other conditions. Upon arrival, it was confirmed to be the correct address, but no information regarding this dealer was found. It was concluded that the dealer's office location information is false.

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

Conclusion

The team visited the forex broker EKOLFX 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 physical 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.