Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed after the 1970s. As one of the international financial centers, Hong Kong's foreign exchange market is characterized by active trading, numerous participants, and a high degree of openness and liquidity. 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 period's on-site inspection team went as planned to Hong Kong, China to conduct an on-site visit of the forex broker BOCI. According to publicly available information, its office address is 12/F. & 25/F., Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded according to a meticulous plan to the CITIC Tower in Causeway Bay, Hong Kong, China, to conduct a physical verification of the broker BOCI which claims to be located at this address.

The inspection personnel successfully arrived at CITIC Tower. The location is situated in the bustling area of Causeway Bay, with a lively and prosperous surrounding environment and a strong commercial atmosphere. However, no company signage or related information for BOCI was found on the exterior of the building.

The inspection personnel entered the building lobby. After stating their purpose to the security guard, they successfully obtained permission to enter. On the directory board inside the building, there was no information for this company. Upon inquiring at the reception, the receptionist stated that there is no such company.

Upon reaching the target floors, the 12th and 25th floors, the inspection personnel found that the office area of BOCI had no obvious signage. Due to the lack of any signs of the company's presence, the inspection personnel could not enter the interior. They were also unable to photograph the reception area, and the office area was not a co-working space.

The interior environment of the company could not be observed even through the glass doors. The overall situation did not match the positioning of claiming to have an office at this address.

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

Conclusion

The on-site inspection team visited the forex broker BOCI in Hong Kong, China as planned. At its publicly displayed business address, no information such as the company name of this broker could be seen, indicating that this broker does not have a genuine 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 used as the final basis for selection.