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 Concord Securities Group as planned according to its regulatory address that B1, No. 176, Section 1, Keelung Road, Xinyi District, Taipei City, Taiwan.

The investigators came to 176 Keelung Road in Xinyi District of Taipei in Taiwan, China for an on-site visit to the broker‘s office, and located a commercial building in the city’s prosperous district. Additionally, the building boasts convenient transportation due to its close proximity to several bus lines and metro stations.

Upon arrival at the building for further investigation, the survey personnel easily spotted a directory in the lobby, which prominently displayed that Concord Securities Group was located on the B1 floor.

The inspection team then took the elevator to the B1 floor and clearly saw the office of Concord Securities Group, where there were more than ten workstations equipped with professional equipment and more than three reception rooms for customers. In the meantime, the staff members were busy working in a comfortable and vibrant working environment.

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 Concord Securities Group 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 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.