Purpose

The Hong Kong foreign exchange market is an international forex market that developed after the 1970s. As one of the international financial centers, Hong Kong's forex market has active trading, a well-established system, and strict regulation, attracting many globally renowned financial institutions and forex dealers to operate there. To help investors or practitioners gain a more comprehensive understanding of forex dealers in the region, the on-site inspection team conducted a field visit to Hong Kong, China.

Process

In this issue, the site inspection team traveled to Hong Kong, China as planned to conduct an on-site visit to forex broker Redstar. According to public information, its office address is 17th Floor, Sang Woo Building, 228 Gloucester Road, Wan Chai, Hong Kong.

The professional and experienced site inspection team, with a sense of mission to rigorously vet on behalf of investors, proceeded to Hong Kong, China according to a meticulous plan. They conducted an on-site inspection of the broker Redstar that claims to be located at this address.

The site inspection team arrived at Sang Woo Building smoothly. The location is on Gloucester Road, Wan Chai, Hong Kong. The surrounding environment is bustling with a strong commercial atmosphere. However, no company sign or related information of Redstar was found outside the building.

The site inspection personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter.

After reaching the target floor, the 17th floor, the site inspection personnel found that the office area of Redstar had no obvious signage or security measures. However, since they had not found the company's office area at all, they were unable to enter the interior. Moreover, they could not take photos of the front desk and its logo, and this office area is not a shared office.

Looking through the public areas of the floor, because no office of the company was found, they could not observe the company's internal environment, decoration style, or employee activities. After arriving, they confirmed that this was the address, but no information about the broker was found. They asked the security guard, who said there was no such company, and judged it to be false. The overall situation does not match the claimed positioning.

Therefore, after the site inspection, it was confirmed that the broker Redstar does not exist at the above address.

Conclusion

The surveyors went to Hong Kong, China as planned to conduct an on-site visit to forex broker Redstar. At its publicly displayed business address, they could not see the company name or other information of the broker, indicating that the broker does not have a real business premises. Please make your decision after comprehensive consideration.

Disclaimer

The above content and views are for reference only and are not the basis for final decision.