Reason for this visit

The international forex market in Hong Kong has been developing since the 1970s. Due to the removal of forex control in Hong Kong since 1973, there has been a large inflow of international capital, and an increasing number of financial institutions operating forex business have mushroomed. The forex market has become more and more active, developing into an international forex market. Hong Kong forex market is an invisible market without a fixed trading venue. Traders conduct forex transactions through various modern communication facilities and computer networks. Hong Kongs geographical location and time zone conditions are similar to those of Singapore, making it very convenient to trade with other international forex markets. Participants in Hong Kong forex market are mainly commercial banks and financial companies. There are three types of forex brokers in this market: local brokers, whose business is limited to Hong Kong; international brokers who have expanded their business to the Hong Kong forex market since the 1970s; international brokers that grow locally and has expanded their business to forex markets abroad. In an attempt to help investors or practitioners gain a more comprehensive understanding of current status of forex brokers in Hong Kong, WikiFX survey team determines to pay on-site visits to local companies.

On-site visit

In this issue, the survey team went to Hong Kong, China to visit broker Forthright as planned according to its regulatory address that Units 3308-3309, 33/F, Cosco Tower, Grand Millennium Plaza, No.183 Queen's Road Central, Sheung Wan, Hong Kong.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the prominent forex broker Forthright at Cosco Tower in Sheung Wan, Hong Kong.

The target address is located in the core financial and commercial district of Sheung Wan, Hong Kong, surrounded by dense pedestrian traffic and a vibrant business atmosphere. The building is adjacent to numerous financial institutions, dining establishments, and retail stores, offering a blend of office and lifestyle functions. As a landmark office tower in the area, COSCO Tower features a modern exterior and towering floors, embodying the quintessential characteristics of a bustling commercial district.

Upon arrival, the investigators first observed the buildings external environment. The entrance was clearly marked, and the structure appeared intact with no signs of construction or irregularities. Entering the ground-floor lobby, the inspection team checked the floor directory. It was noted that the directory only displayed floor numbers and partial tenant names, with no explicit mention of “Fortune Securities” or the corresponding company information for Units 3308-3309 on the 33rd floor. To gather more comprehensive details, the team proceeded to the 33rd floor for further verification.

After taking the elevator to the 33rd floor, the investigators re-examined the floor directory but still found no signage for Units 3308-3309. Subsequently, a door-by-door search was conducted, leading to the discovery of an independent nameplate outside Units 3308-3309, clearly labeled “Forthright Securities Company Limited.”

Although access to the companys interior was not obtained, external observations confirmed that the office was independently occupied and not a shared workspace. The nameplate outside the door was designed simply, without additional logos, but the company name was prominently displayed and easily identifiable.

Through the on-site investigation, it is confirmed that the broker maintains a physical presence at the above address.

Conclusion

The survey team went to Hong Kong, China to visit broker Forthright as scheduled and found the company at its regulatory address. It denotes that the broker has a physical office at the place. Meanwhile, investors are advised to make a well-considered decision following much deliberation.

Disclaimer

The content is for informational purposes only and shall not be taken as a final order for making a choice.