Purpose

The Hong Kong foreign exchange market is an international foreign exchange market that developed after the 1970s. As one of the international financial centers, its foreign exchange market is characterized by active trading, numerous participants, and a wide variety of trading instruments, occupying an important position in the global foreign exchange market. To help investors or practitioners gain a more comprehensive understanding of foreign exchange brokers in this region, the on-site inspection team went to Hong Kong, China for a field visit.

Process

This time, the actual investigation team went to Hong Kong, China as planned to visit the forex broker GW. According to public information, its office address is Unit 1201, 12/F, Solo Building, 41-43 Carnnarvon Road, Tsim Sha Tsui.

A professional and experienced site visit team, with a sense of mission to strictly vet for investors, followed a meticulous plan and went to Hong Kong, China. They conducted an on-site inspection of broker GW, which claimed to be located at Unit 1201, 12/F.

The site visit team arrived at Solo Building, located on Carnarvon Road in Tsim Sha Tsui, with a bustling surrounding environment and strong commercial atmosphere. However, no GW company logo or related information was found outside the building.

The site visit team entered the building lobby and explained their purpose to the security guard. After communication, they obtained permission to enter.

Since there was no GW company nameplate in the building, no company logo was found, and upon inquiry, the security guard informed them that the company did not exist, they were unable to reach the target floor 12 to confirm the specific location of the company, let alone enter the company premises. Naturally, they could not take photos of the front desk or its logo, and the office was not a shared office.

Through the public areas of the building, the site visit team did not obtain any information about GW's internal office environment. After arriving, they confirmed that the address was correct, but found no information about the broker. From the information above it is believed that the company is conducting false business at this location.

Therefore, after the site visit, it was confirmed that broker GW does not exist at the above address.

Conclusion

The on-site investigation team visited Hong Kong, China as planned to inspect the forex broker GW. At its publicly displayed business address, the company name and other information of the broker were not visible, indicating that the broker does not have a genuine business premise. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and do not constitute the final basis for selection.