Purpose

The Hong Kong foreign exchange market in China developed into an international forex market in the 1970s. As one of the global financial centers, Hong Kong's forex market is characterized by active trading, numerous participants, and a wide variety of trading products. 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 XTR in Hong Kong, China as planned. According to public information, its office address is 1813, 18th Floor, Li Po Chun Building, 189 Des Voeux Road 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 traveled to Hong Kong, China, to conduct an on-site verification of the dealer XTR claiming to be located at 1813, 18th Floor, Li Po Chun Building, 189 Des Voeux Road Central, Hong Kong.

The inspection personnel successfully arrived at the target building, located at 189 Des Voeux Road Central, Central, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. No company signage or related information was found on the exterior of the building.

The inspector entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter. Inside the building, no signage for the company was found.

Due to the holiday closure, the surveyor was unable to access the target floor, the 18th floor. Upon inquiring with the security guard, they indicated they were unaware of the company's situation. The surveyor failed to capture photos of the reception area and its logo. This office is not a shared workspace.

Through the lobby, the inspectors were unable to observe the internal environment of the company. The overall situation was difficult to assess due to the inability to enter, making it hard to determine whether it aligns with its claimed positioning.

Therefore, after on-site verification, it is confirmed that the authenticity of the dealer XTR at this address is questionable.

Conclusion

The inspection team visited the forex broker XTR at its publicly displayed business address in Hong Kong, China as planned, but found no information such as the company name of the broker, indicating doubts about the authenticity of its 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 considered as the final basis for selection.