Purpose

The Hong Kong foreign exchange market is an international forex market that developed in the 1970s, known for its flexible trading hours and diverse range of instruments. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the site inspection team conducted an on-site visit to Hong Kong.

Process

This issue's on-site inspection team went to Hong Kong, China as planned to visit forex broker J&M Global Company Group Limited. According to public information, its office address is Unit 303D, 3/F Block A Hung Hom Commercial Centre, 39 Ma Tau Wai Road, Hung Hom, Kowloon, Hong Kong.

A professional and experienced on-site inspection team, with a sense of mission to strictly vet for investors, followed a meticulous plan and went to Hong Kong, China. They conducted a physical verification of the broker J&M Global Company Group Limited, which claimed to be located at Unit 303D, 3/F Block A Hung Hom Commercial Centre, 39 Ma Tau Wai Road, Hung Hom, Kowloon, Hong Kong.

The inspection personnel successfully arrived at Hung Hom Commercial Centre, located at 39 Ma Tau Wai Road, Kowloon. The surrounding area is relatively bustling with a strong commercial atmosphere. No signage or related information of the company was found outside the building.

The inspection personnel entered the building lobby and stated their purpose to the security guard. After registering, they obtained permission to enter.

After arriving at the target floor, the 3rd floor, the inspection personnel found no obvious signage or security measures for the J&M Global Company Group Limited office area. Since no information about the company was found, the inspection personnel could not enter the interior, nor could they take photos of the front desk or the front desk logo. Moreover, the premises were not a shared office.

The interior of the company could not be observed through the glass door either. The overall situation did not match its claimed location. After arriving, it was confirmed that the address was correct, but no information about the broker was found. Upon inquiry, the security guard said that no such company existed, leading to the conclusion that it was fake.

Therefore, after the on-site inspection, it was confirmed that the broker J&M Global Company Group Limited does not exist at the above address.

Conclusion

The on-site surveyor planned to visit forex broker J&M Global Company Group Limited in Hong Kong, China. However, the broker's company name and other information were not visible at its publicly displayed business address, indicating that the broker does not have a genuine business premises. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

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