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 forex broker AMTD as planned according to its regulatory address that Room 3301, Tower One, Lippo Centre, No.89 Queensway, Admiralty, Hong Kong.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the forex broker AMTD at Lippo Centre in Admiralty, Hong Kong.

Located in the heart of Hong Kong‘s Admiralty central business district with heavy pedestrian traffic and a vibrant commercial atmosphere, the Lippo Centre, featuring a modern glass curtain wall façade, is a Grade-A office building surrounded by financial institutions, high-end retail stores, residential buildings, and dining establishments. Upon arrival, the investigators first observed the building’s well-maintained exterior with its building sign displayed prominently.

The investigators smoothly accessed the buildings lobby, which featured a neat interior with both digital directory screens and a traditional directory board. Upon checking the lobby directory, Unit 3301 on the 33rd floor was listed as “orientiert GROUP,” showing no affiliation with AMTD.

To verify further, the investigators took the elevator to the 33rd floor, where the floor directory again indicated Unit 3301 as “orientiert GROUP.” Upon inspection, no company signage, logo, or any identifiers were displayed outside Unit 3301, confirming no visible connection to AMTD.

Through the on-site investigation, it is confirmed that AMTD does not maintain a physical presence at the above address.

Conclusion

The survey team went to Hong Kong, China to visit forex broker AMTD as scheduled but did not find the company at its regulatory address. It indicates that the broker does not have a physical office at the place. Accordingly, investors are advised to make a judicious decision following much deliberation.

Disclaimer

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