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 Mega Securities as planned according to its regulatory address that No. 95, Section 2, Zhongxiao East Road, Zhongzheng District, Taipei City, Taiwan.

The investigators came to No. 95 Zhongxiao East Road in Zhongzheng District of 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 central business district. The building boasts convenient transportation due to its close proximity to the Zhongxiao Xinsheng Metro Station.

Upon arrival at the building for further investigation, the survey personnel spotted easily a directory in the lobby, which prominently displayed that the whole building was occupied by Mega Securities.

The inspection team clearly discovered the company name and logo Mega Securities in the lobby. According to the security officer on duty, services were provided on different floors. For instance, the consulting service was offered on the 1st floor, while security account opening service was on the 4th floor. In the meantime, a staff member was enthusiastically communicating with a stock customer about the procedure for opening an account.

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 Mega Securities as scheduled, and found the company at its regulatory address. It denotes that the broker has a physical business office at the place. 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.