Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed in the 1970s. It is one of the most active forex markets globally, characterized by flexible trading hours and a rich variety of trading instruments. 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

The on-site inspection team visited the forex broker RTOFX in Hong Kong, China as planned. According to public information, its office address is 16th Floor, 779 King's Road, East Warwick House, on Taikoo Place, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded according to a meticulous plan to Taikoo Place in Hong Kong, China, to conduct a physical verification of the broker RTOFX which claims to be located at 16th Floor, 779 King's Road, East Warwick House, on Taikoo Place, Hong Kong.

The inspectors successfully arrived at East Warwick House, located at 779 King's Road. The surrounding area is bustling with a strong commercial atmosphere. However, no signage or relevant 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 a simple registration, they obtained entry permission. There was no information about this company on the directory board inside the building.

Upon reaching the target floor, the 16th floor, the inspectors found no clear signage for RTOFX's office area, nor any related security measures. As no trace of the company was found, the inspectors were unable to enter the so-called internal office area, failed to photograph a reception desk, and the office area was not a shared workspace.

From the public areas on the floor, the inspectors naturally could not observe the company's internal environment and found no information whatsoever about this broker. Inquiries with the reception indicated there was no such company, leading to the judgment that it is false. The overall situation does not match its claimed positioning.

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

Conclusion

The on-site inspection team went to Hong Kong, China as planned to conduct a field visit to the forex broker RTOFX. At its publicly displayed business address, the team was unable to see information such as the company name of the broker, indicating that the 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.