Reason for this visit

In the context of rapidly changing global economic and financial conditions, forex trading, known for its high liquidity and low-cost investment opportunities, has gradually become a focal point for investors. This trend is especially notable in regions such as Hong Kong and Taiwan, where differences in regulations and oversight have led to a more active forex market. In Taiwan, the rising popularity of forex investment can be attributed to a sluggish stock market and a relative scarcity of traditional investment options in recent years. According to data, there are approximately 730,000 foreign migrant workers in Taiwan, with annual remittance amounts reaching $3 billion, indicating a significant potential for the forex trading market. Particularly in the area of foreign exchange services, there is a vast business opportunity that cannot be overlooked. To help investors and industry practitioners gain a more comprehensive understanding of forex brokers in Taiwan, WikiFX survey team decides to conduct on-site visits to local companies.

On-site visit

In this issue, the survey team went to Taiwan in China to visit broker Oriental Securities Corporation as planned according to its regulatory address that 13th Floor, No. 16, Xinzhan Road, Banqiao District, New Taipei City, Taiwan.

The investigators came to No. 16 Xinzhan Road in Banqiao District of New Taipei in Taiwan, China for an on-site visit to the broker‘s office, and located a modern commercial building with a well-maintained façade in the city’s prosperous district. The building boasts convenient transportation, just a 10-minute walk from the Banqiao Station. Additionally, there was a constant stream of people nearby.

Upon arrival at the building for further investigation, the survey personnel spotted easily a directory in the lobby, which prominently displayed that Oriental Securities Corporation was located on the 13th floor. Moreover, there was a shopping mall in the building. However, people were not allowed to go to the workspace by the staff-only lift, which was not open to the public, without an access card. Thus, it was not possible to assess the specific operational scale and working environment of the broker.

Through the on-site investigation, it is confirmed that the broker has a physical presence at the location.

Conclusion

The survey team went to Taiwan, China to visit broker Oriental Securities Corporation as scheduled, and found the company at its regulatory address. It denotes that the broker has a physical business office at the place. Unfortunately, it is not feasible to determine the exact scale of the company due to the inability to access the office. Meanwhile, investors are advised to make an informed 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.