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 GeTrade (Gold Elephant) as planned according to its regulatory address that Unit 1004, 10/F, Podium Plaza, 5 Hanoi Road, Tsim Sha Tsui, Hong Kong.

The seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the broker GeTrade (Gold Elephant) in Podium Plaza at 5 Hanoi Road, Tsim Sha Tsui.

The objective of this field survey was to verify the physical presence and address authenticity of GeTrade (Gold Elephant) in Hong Kongs Tsim Sha Tsui district. The company is located in the core business area of Tsim Sha Tsui, surrounded by premium commercial infrastructure.

Following the provided information, the investigators successfully arrived at Podium Plaza on Hanoi Road in Tsim Sha Tsui. The building is situated in the bustling downtown area, featuring a strong commercial atmosphere, well-maintained streets, and excellent exterior upkeep - characteristics of a high-quality office environment.

Access to the ground floor lobby was obtained without difficulty. The inspection team first examined the public directory board, where GeTrade (Gold Elephant) was clearly listed among the 10th-floor tenants, providing initial confirmation of the companys registered presence in this building.

To conduct a more comprehensive verification, the inspectors proceeded to the 10th floor via elevator. Upon arrival, they followed directional signage to locate Unit 1004. The presence of GeTrade (Gold Elephant)‘s logos and branding in the common areas further indicated the company’s operation at this location. The team successfully identified the entrance to Unit 1004.

However, a significant obstacle emerged at this point. The office entrance remained locked, and all attempts to gain access - including waiting and attempted contact - proved unsuccessful. Through the glass door, the investigators conducted a limited visual assessment of the interior. The office appeared to have basic, standard-grade furnishings without any particularly luxurious or distinctive branding elements. Due to the inability to enter and restricted visibility, the team could not accurately determine internal details such as room count or workstation capacity.

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 GeTrade (Gold Elephant) as scheduled and found the company at its regulatory address. It signifies 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.