Reason for this visit

The Hong Kong forex market is an international market developed after the 1970s. Since the removal of foreign exchange control in Hong Kong in 1973, there has been a large inflow of international capital and the number of financial institutions operating foreign exchange business has continued to increase. The foreign exchange market has become more and more active, and it has developed into an international forex market. The Hong Kong forex market is an invisible market with no fixed trading venue. Traders conduct foreign exchange transactions through various modern communication facilities and computer networks. Hong Kong's geographical location and time zone conditions are similar to those of Singapore, making it very convenient to trade with other international foreign exchange markets. Participants in the 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 expanded their business to the Hong Kong foreign exchange market after the 1970s; international brokers that developed in Hong Kong, whose business has expanded to foreign exchange markets abroad. In order to help investors or practitioners have a more comprehensive understanding of forex dealers in Hong Kong, the survey team is going there to conduct on-site visits.

On-site visit

This time the survey team visited the dealer FUJI HONG KONG in Hong Kong, China, with the specific address at Room 808, 8/F, Nan Fung Commercial Centre, 19 Lam Lok Street, Kowloon Bay, Kowloon, Hong Kong.

Based on the above address, the survey team came to the destination of this survey. FUJI HONG KONG's office in Hong Kong, China is located in the factory business district of Kowloon Bay, which has been redeveloped in recent years with many new high-class commercial buildings. The place is accessible by MTR and various public transplantation. And the surrounding area is also clean and well-traveled. There are stores, restaurants, markets, residences and hotels for all kinds of businesses. The destination building is a modern commercial center consisting of two separate buildings connected by a pedestrian bridge to form an office area.

The surveyors did not find the name of FUJI HONG KONG on the directory in the lobby and then decided to go upstairs for further visits. Unfortunately, the request to visit upstairs was rejected by the security guard because of the epidemic. He told the surveyors that they could make inquiries at the front desk if needed. Subsequently, the receptionist checked that Room 808 on the 8th floor was the office of ZHENG DA INTERNATIONAL and that company had no other name. In the end, the surveyors confirmed that the dealer FUJI HONG KONG did not have an office there. 

Conclusion

The survey team went to Hong Kong, China to visit the dealer FUJI HONG KONG as planned, and found no office at its regulatory address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.

Disclaimer

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