Purpose

The Hong Kong, China foreign exchange market, which developed in the 1970s, is an international forex market and one of the world's major forex trading hubs, characterized by active trading, an open market, and strict regulation. 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 XMarket in Hong Kong, China as planned. According to public information, its office address is Unit 802, Fu Fai Commercial Centre, 27 Hillier St, Sheung Wan, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the dealer XMarket claiming to be located at Unit 802, Fu Fai Commercial Centre, 27 Hillier St, Sheung Wan, Hong Kong.

The field investigator successfully arrived at Fu Fai Commercial Centre, located at 27 Hillier Street, Sheung Wan, Hong Kong. The surrounding streets are quite lively with a strong commercial atmosphere. However, no company signage or related information for XMarket was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After a brief communication, they obtained permission to enter the building.

Upon arriving at the target floor (8th floor), the field investigator found no information about the company on the building's internal directory, and there were no obvious signs of XMarket in the office area. After inquiring with the security guard, they were informed that there was no company named XMarket in the building. Due to the absence of the company, the investigator could not access the so-called interior or take photos of the reception area and logo. Additionally, this floor was not a shared office space.

Through the common areas of the floor, the inspector naturally could not observe the internal environment of the company and other conditions. The overall situation does not match its claimed positioning of having this office address.

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

Conclusion

The field investigator visited the forex broker XMarket at its publicly displayed business address in Hong Kong, China as planned, but did not find any 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 used as the sole basis for final decision-making.