Reason for this visit

In the context of rapidly changing global economic and financial conditions, forex trading, known for its high liquidity and low-cost investment opportunities, has gradually become a focal point for investors. This trend is especially notable in regions such as Hong Kong and Taiwan, where differences in regulations and oversight have led to a more active forex market. In Taiwan, the rising popularity of forex investment can be attributed to a sluggish stock market and a relative scarcity of traditional investment options in recent years. According to data, there are approximately 730,000 foreign migrant workers in Taiwan, with annual remittance amounts reaching $3 billion, indicating a significant potential for the forex trading market. Particularly in the area of foreign exchange services, there is a vast business opportunity that cannot be overlooked. To help investors and industry practitioners gain a more comprehensive understanding of forex brokers in Taiwan, WikiFX survey team decides to conduct on-site visits to local companies.

On-site visit

In this issue, the survey team went to Taiwan in China to visit broker IBF Securities as planned according to its regulatory address that 5th Floor, No. 128, Lequn 3rd Road, Zhongshan District, Taipei City, Taiwan.

The investigators came to 128 Lequn 3rd Road in Zhongshan District of Taipei in Taiwan, China for an on-site visit to the broker‘s office, and located a modern commercial building in the city’s prosperous district. The building owned by IBF Securities boasts convenient transportation due to its close proximity to several bus lines and metro stations. Additionally, there is a diverse range of facilities nearby, including shopping malls, convenient stores, and entertainment options.

Upon arrival at the building for further investigation, the survey personnel easily spotted the company signage of IBF Securities outside, which showcased its professional brand image. In the meantime, the immaculate and well-maintained façade and spacious lobby of the building left visitors with an expressive feeling. There was a directory in the lobby indicating that IBF Securities was located on the 5th floor. However, people were not permitted to go upstairs without an access card or an appointment. Moreover, the security officer on guard stated the existence of the company in the building.

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

Conclusion

The survey team went to Taiwan, China to visit broker IBF Securities as scheduled, and found the company at its regulatory address. It denotes that the broker has a physical business office at the place. Unfortunately, it is not possible to assess the specific company scale due to the inability to access the office. Meanwhile, investors are advised to make an informed decision following much deliberation.

Disclaimer

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