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 plans to pay on-site visits to local companies.

On-site visit

In this issue, the survey team went to Hong Kong, China to visit forex broker MIB as planned according to its regulatory address that 28F, Lee Garden Three, 1 Sunning Road, Causeway Bay, Hong Kong.

The seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the broker MIB in Lee Garden Three at 1 Sunning Road, Causeway Bay.

The investigators successfully arrived at the core business district of Causeway Bay based on the provided information. The target building, Lee Garden Three, is located at 1 Sunning Road and forms part of a Grade A office cluster. The surrounding area boasts convenient transportation, well-maintained streets, and comprehensive commercial amenities. The building features a modern exterior with glass curtain walls that exude a professional business aesthetic, aligning perfectly with the image expected of financial institutions. A comprehensive perimeter inspection revealed the buildings full facade clearly visible with no prominent corporate signage displayed externally, though the structure itself demonstrated excellent maintenance standards.

Proceeding further into the buildings interior, the inspection team noted that entry required formal registration at the reception desk. After explaining the purpose of their visit to security personnel, the team was granted access without issue. The lobby presented a refined decor, equipped with both digital navigation screens and physical directory boards. Upon careful examination, the 28th floor was clearly marked with “MIB Securities,” matching the registered information precisely.

To obtain a more comprehensive understanding of the actual situation, the survey team proceeded to the 28th floor. Upon arrival via elevator, the floor‘s directory board once again confirmed MIB’s presence. Coincidentally, a company employee was present at the entrance area receiving visitors and proactively inquired about the team‘s purpose. After disclosing their identity, the staff member courteously guided them into the office’s common area and permitted photography in designated spaces. The verification confirmed this to be an independently occupied office space rather than a shared workspace, complete with a dedicated reception desk and branded logo wall prominently displaying the companys name in both Chinese and English alongside its corporate logo.

The office interior adopted a hybrid layout combining open-plan workstations with private offices. The minimalist yet professional decor featured high-quality furnishings in a clean, well-lit environment that aligned with institutional financial standards. Visual estimates suggested 15-20 employees were present at workstations with high occupancy rates, all engaged in focused tasks. Frequent telephone conversations and meeting activities further reinforced observations of standard operational conditions.

Through the on-site investigation, it is confirmed that the broker maintains a physical presence at the above address.

Conclusion

The survey team went to Hong Kong, China to visit broker MIB as scheduled and found the company at its regulatory address. It signifies that the broker has a physical office at the place. Meanwhile, investors are advised to make a well-considered decision following much deliberation.

Disclaimer

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