Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that has developed since the 1970s. As one of the international financial centers, the Hong Kong foreign exchange market features active trading, well-established regulations, and numerous participants. 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

This on-site inspection team visited the forex broker EOCFX in Hong Kong, China as planned. According to public information, its office address is 8 Financial Street, Central, Hong Kong Island.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, proceeded according to a meticulous plan to the target area in Hong Kong, China, to conduct a physical verification of the broker EOCFX claiming to be located at 8 Financial Street, Central, Hong Kong Island.

The verification personnel successfully arrived at the target building, located on Financial Street in Central, Hong Kong Island, with a bustling surrounding environment and a strong commercial atmosphere. However, no company logo or relevant information for EOCFX was found on the exterior of the building.

The verification personnel entered the building lobby, stated their purpose to the security guard, and after brief communication, obtained permission to enter. On the directory board inside the building, there was no information for this company.

As no information about the company was found, the verification personnel could not enter the interior, could not reach the target floor, and could not investigate whether there were clear signs for EOCFX in the office area. Consequently, they were unable to photograph the reception desk of EOCFX, and the office area was not a shared office space.

From the public area of the lobby, as they could not go upstairs, the verification personnel could not observe the company's internal environment and found no information about this broker, leading to the judgment that it is false.

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

Conclusion

The on-site investigator visited the forex broker's EOCFX as planned in Hong Kong, China. At its publicly displayed business address, no information such as the broker's company name was visible, 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.