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 GD International Group as planned according to its regulatory address that Room 1401, 14/F, Fortis Tower, 77-79 Gloucester Road, Wan Chai, Hong Kong.

The investigators came to Fortis Tower at 77-79 Gloucester Road in Wan Chai for an on-site visit to the brokers office. However, according to the building management staff, the broker had relocated to room 3201, AIA Tower, 100 How Ming Street, Kwun Tong, Kowloon. Thus they decided to go to the new address.

Located in Kwun Tong, an industrial and business district, AIA Tower is a modern commercial building with excellent accessibility for businesses. Meanwhile, it boasts a good and vibrant surrounding environment.

Upon arriving at the building for further investigation, the survey personnel spotted a directory in the lobby that indicated that “GD International Group” was situated on the 32nd floor.

The inspection team then took the elevator to the 32nd floor and saw the company name and logo of “GD International Group” on the door of office 3201, which further suggested the existence of the broker in the building.

People were allowed to enter the office of GD International Group for an internal visit. And the company enjoyed a marvelous working environment with stunning decor. At the same time, the brokers logo was prominently displayed at the reception.

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 GD International Group as scheduled, and found the company at its new address. It denotes that the broker has a physical business office at the place. Meanwhile, investors are advised to make a well-considered 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.