Purpose

The Hong Kong foreign exchange market in China has developed into an international forex market since the 1970s. As one of the global financial centers, the Hong Kong forex market is characterized by active trading, well-established systems, and stringent regulation, attracting numerous global forex brokers to operate here. 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 Frontdesk in Hong Kong, China as planned. According to public information, its office address is S68, Workspace C on 2nd floor, Wong King Industrial Building, No192 - 198 Choi Hung Road, Nos 2 - 4 Tai Yau Street, Kowloon, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, follows a meticulous plan to conduct on-site verification of the claimed address of the trading firm Frontdesk in the target area of Hong Kong, China.

The inspection personnel successfully arrived at Huangjing Industrial Building, located at 192-198 Choi Hung Road and 2-4 Tai Yip Street in Kowloon. The surrounding environment did not exhibit any obvious commercial atmosphere related to foreign exchange trading. No signage or relevant information of the dealer Frontdesk was found on the exterior of the building.

The inspector entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter the building. Inside the premises, no signage or information related to the company was found.

Upon arriving at the target floor (2nd floor), the field investigator found that the office area of Frontdesk had no clear signage, and no relevant security measures were observed. Since no trace of the company was found on-site, the investigator was unable to enter the premises. Additionally, it was not possible to photograph the reception area or the logo at the front desk. This office area is not a shared workspace.

Through the common areas of the floor, the inspectors were unable to observe the internal situation of the company, and the overall condition did not match its claimed positioning.

Therefore, after on-site verification, it was confirmed that the dealer Frontdesk does not exist at the above address.

Conclusion

The inspection team visited the forex broker Frontdesk at its publicly displayed business address in Hong Kong, China as planned, but found no 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 considered as the final basis for decision-making.