Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s. As one of the international financial centers, the Hong Kong foreign exchange market is characterized by active trading, strong liquidity, and a rich variety of trading products. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Hong Kong, China.

Process

This time, the on-site inspection team went as planned to Hong Kong, China, to conduct an on-site visit to the forex broker FxCitizen. According to publicly available information, its office address is 29 Luk Hop Street, San Po Kong, Kowloon, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, followed a meticulous plan and traveled to Hong Kong, China. Based on the aforementioned information, they conducted a physical visit to the broker FxCitizen.

The inspectors proceeded to the target area according to the address information to conduct an on-site verification of the broker FxCitizen, which claimed to be located at 29 Luk Hop Street San Po Kong, Kowloon, Hong Kong.

The inspectors successfully arrived at the target building, located at 29 Luk Hop Street, San Po Kong, Kowloon. The surrounding environment was relatively ordinary, with a general commercial atmosphere. No signage or related information for the company was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After brief communication, they obtained permission to enter. No information about this company was found on the directory board inside the building.

Upon reaching the target floor, the inspectors found that the office area of FxCitizen had no obvious signage or security measures, and no information about this broker was discovered. Inquiry with the security guard revealed that there was no such company. Therefore, the inspectors were unable to enter the interior, could not photograph the reception area, and the office was not a shared workspace.

The interior environment of the company could not be observed through the glass door either. The overall situation did not match its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that broker FxCitizen does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker FxCitizen in Hong Kong, China as planned. At its publicly displayed business address, no information such as the broker's company name was visible, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.