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 determines to pay on-site visits to local companies.

On-site visit

In this issue, the survey team went to Hong Kong, China to visit broker GuoDu as planned according to its regulatory address that Room 1307, 13/F, Bank of America Tower, 12 Harcourt Road, Central, Hong Kong.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the prominent forex broker GuoDu at Bank of America Tower in Central, Hong Kong.

Located in Admiralty, the heart of Hong Kongs Central financial and business district, this area is renowned for its dense cluster of skyscrapers, international financial institutions, and high-end commercial facilities. With bustling foot traffic, it is surrounded by restaurants, retail outlets, and residential buildings, epitomizing a vibrant metropolitan landscape.

The Bank of America Tower, one of the districts landmark buildings, features a modern façade and stands out with its significant height. Its prime location offers convenient transportation access, qualifying it as a Grade-A office tower in the area.

Upon arrival, the investigators noted prominent signage at the buildings entrance and a well-maintained security system, but no Guodu company logo was visible on the exterior. The team then proceeded into the ground-floor lobby, which was tidy and equipped with both digital directories and traditional directory boards. A check of the directory confirmed that Unit 1307 on the 13th floor was listed as “GUODU (HONG KONG).”

The inspection team took the elevator to the 13th floor. The common areas of this floor lacked independent directory signage, and while the hallway was clean, it appeared somewhat narrow. Unit 1307 was situated at the far end of the floor, with its glass door clearly displaying the company name “GUODU (HONG KONG)” in bold lettering, along with its corporate logo.

However, the glass door was closed, and no reception desk was visible inside. There were no signs of employee activity during the inspection. The investigators attempted to gain access by coordinating with the building management but was informed that prior authorization was required, preventing further entry.

Through the glass door, the team observed a compact office layout with minimalist décor. However, due to limited visibility, the exact number of workstations and internal room divisions could not be determined.

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

Conclusion

The survey team went to Hong Kong, China to visit broker GuoDu as scheduled and found the company at its regulatory address. It denotes 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.