Purpose

The Hong Kong foreign exchange market is an international forex market that developed since the 1970s. As one of the world's important financial centers, the Hong Kong forex market has a high degree of internationalization and liberalization, with active trading and a wide variety of instruments. In order to help investors or practitioners gain a more comprehensive understanding of forex dealers in this region, a specially formed team went to Hong Kong for on-site visits.

Process

This team traveled to Hong Kong, China as planned to conduct an on-site visit to forex broker Blue Whale, according to public information, its office address is FLAT/RM B5/F GAYLORD COMMERCIAL.

A professional and experienced team, with a sense of mission to strictly vet for investors, followed a meticulous plan and went to Hong Kong, China. They conducted an on-site verification of the broker Blue Whale claiming to be located at FLAT/RM B5/F GAYLORD COMMERCIAL.

The team arrived at the target building smoothly. There was no obvious environment around the site that matched the characteristics of a corporate park. The building was located in a corresponding business district, but the surroundings seemed to lack a strong commercial atmosphere and were relatively quiet. No company signage or related information of Blue Whale was found outside the building.

After entering the building lobby, the team explained their purpose to the security guard. After a brief communication, they obtained permission to enter.

Upon arriving at the target floor, it was found that the office area of Blue Whale had no obvious signage or special security measures. Even though they could reach the specific floor and confirm the location, due to the lack of any substantial information pointing to the company, the team was unable to enter the interior. They also failed to take photos of the reception desk and its LOGO, and the location was not a shared office.

Through the public area of the floor, since they could not enter the so-called office area, they were unable to observe the company's internal environment and other conditions. After arriving, they confirmed it was the address, but found no information about the broker. When asked, the security guard said there was no such company, and it was judged that the address might be false.

Therefore, after the site visit, it was confirmed that the broker Blue Whale does not exist at the above address.

Conclusion

The team went to Hong Kong, China as planned to visit the forex broker Blue Whale in person. At its publicly displayed business address, the broker's company name and other information were not visible, indicating that the broker does not have a real business premise. Investors are advised to consider comprehensively before making a decision.

Disclaimer

The above content and views are for reference only and do not constitute the basis for final decisions.