Reason for this visit

The international forex market in Hong Kong has been developing since the 1970s. Due to the removal of forex control in Hong Kong since 1973, there has been a large inflow of international capital, and an increasing number of financial institutions operating forex business have mushroomed. The forex market has become more and more active, developing into an international forex market. Hong Kong forex market is an invisible market without a fixed trading venue. Traders conduct forex transactions through various modern communication facilities and computer networks. Hong Kongs geographical location and time zone conditions are similar to those of Singapore, making it very convenient to trade with other international forex markets. Participants in Hong Kong forex market are mainly commercial banks and financial companies. There are three types of forex brokers in this market: local brokers, whose business is limited to Hong Kong; international brokers who have expanded their business to the Hong Kong forex market since the 1970s; international brokers that grow locally and has expanded their business to forex markets abroad. In an attempt to help investors or practitioners gain a more comprehensive understanding of current status of forex brokers in Hong Kong, WikiFX survey team determines to pay on-site visits to local companies.

On-site visit

In this issue, the survey team went to Hong Kong, China to visit broker MACRO MARKETS as planned according to its regulatory address that Unit B, 28/F, Plaza 88, 88 Yeung Uk Road, Tsuen Wan, New Territories, Hong Kong.

The professional and experienced investigators, driven by a strong sense of responsibility to safeguard investors interests, came to the Plaza 88 at 88 Yeung Uk Road in Tsuen Wan, Hong Kong and conducted a thorough and rigorous on-site investigation of the prominent forex broker, MACRO MARKETS.

Located in the heart of the prosperous business district in Tsuen Wan, Plaza 88 is a modern upscale commercial building with a well-maintained façade. With a diverse range of facilities nearby, including stores, restaurants, residential buildings, and educational institutions, the building boasts convenient transportation. Furthermore, there is a constant stream of people on the bustling street.

Upon arriving at the tower for further investigation, the survey personnel spotted a directory in the lobby that indicated that Unit B on the 28th floor was occupied by “Macro Markets Solutions Limited,” initially suggesting the presence of the company in the building.

The inspection team took the elevator to the 28th floor and saw the company information of “Macro Markets Solutions Limited” in Unit B from the floor directory in the corridor. Meanwhile, they noticed that the immaculate and bright floor corridor met the criteria for the internal environment of a premium office building.

When the team reached Unit B, they clearly saw the company name and logo of “Macro Markets Solutions Limited” through the door window, despite failing to enter the brokers office for an internal visit.

Through the on-site investigation, it is confirmed that the broker has a physical presence at the location.

Conclusion

The survey team went to Hong Kong, China to visit broker MACRO MARKETS as scheduled, and found the company at its regulatory address. It denotes that the broker has a physical business office at the place. Meanwhile, investors are advised to make a judicious decision following a comprehensive consideration.

Disclaimer

The content is for informational purpose only, and shall not be taken as a final order for making a choice.