Purpose

The Hong Kong foreign exchange market is an international foreign exchange market that developed in the 1970s. Since Hong Kong lifted foreign exchange controls in 1973, the international foreign exchange market has flourished. With its advantageous geographical location and financial policies, it has become one of the world's major foreign exchange trading centers. To help investors or practitioners gain a more comprehensive understanding of the foreign exchange dealers in the region, the fact-finding team went to Hong Kong for an on-site visit.

Process

This survey team planned to visit the forex broker Varot in Hong Kong, China. According to public information, its office address is FLAT/RM B 5/F GAYLORD COMMERCIAL BUILDING 114 - 118 LOCKHART ROAD HK.

A professional and experienced survey team, with a sense of mission to strictly screen for investors, went to Hong Kong, China according to a thorough plan. They conducted an on-site inspection of the broker Varot claiming to be located at FLAT/RM B 5/F GAYLORD COMMERCIAL BUILDING 114 - 118 LOCKHART ROAD HK.

The surveyors arrived at Gaylord Commercial Building, which is located at 114-118 Lockhart Road. The surrounding environment is relatively bustling with a strong commercial atmosphere. However, no company logo or related information of Varot was found outside the building.

The surveyors entered the building lobby and explained their purpose to the security guard. After a brief conversation, they obtained permission to enter the building.

Upon reaching the target floor, the 5th floor, the surveyors found that the office area of Varot had no obvious signage. Due to the lack of relevant information, the surveyors could not confirm its specific location. They also failed to obtain permission to enter the interior, could not take photos of the front desk and its logo, and the premises were not a shared office.

After arrival, they confirmed the address, but did not find any information about the broker. After asking the security guard, the guard informed them that this company was not in the building. The overall situation did not match the broker's claimed positioning of having an actual office.

Therefore, after the survey, it was confirmed that the broker Varot does not exist at the above address.

Conclusion

The survey team went to Hong Kong, China as planned to conduct an on-site visit to the forex broker Varot. At its publicly displayed business address, the company name or other information of the broker could not be seen, indicating that the broker does not have a real business place. Please make a decision after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and are not the basis for final decisions.