Purpose

The Hong Kong foreign exchange market in China developed into an international forex market after the 1970s. As one of the global financial centers, Hong Kong's forex market is characterized by active trading, high liquidity, and a diverse range of trading products. Leveraging its advantageous geographical location and robust financial infrastructure, it has attracted numerous international financial institutions and investors. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker Direct Spot in Hong Kong, China as planned. According to public information, its office address is 18/F, Chinachem Tower, 29 Queen's Road Central, Central, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and visited The Chinese Estates Building, 29 Queen's Road Central, Central, Hong Kong, China, to conduct an on-site verification of the claimed location of the dealer Direct Spot.

The inspection personnel successfully arrived at Chinese People's Building, which is located in the bustling Central district of Hong Kong, with a clean surrounding environment and a strong commercial atmosphere. However, no company logo or related information of Direct Spot was found on the exterior of the building.

The surveyor entered the building lobby and, after explaining their purpose to the security guard, successfully obtained entry permission. The company's information was not found on the directory inside the building, and inquiries with nearby staff indicated they had not heard of it.

Due to the lack of an appointment, the inspection personnel were unable to reach the target floor (18th floor) and could not determine whether there were Direct Spot clear signs or security measures in the office area of this floor. Additionally, the office is not a shared workspace.

Through observation of the public areas on the floor, no trace of the company was found, and access to the interior was impossible, leading to the conclusion that it is a fake.

Therefore, after on-site verification, it is confirmed that the dealer Direct Spot does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Direct Spot at its publicly displayed business address in Hong Kong, China as planned, but did not find any information such as the company name of the broker, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the sole basis for final decision-making.