Purpose

The Hong Kong foreign exchange market is an international forex market that developed in the 1970s. As one of the world's major financial centers, the Hong Kong forex market holds a significant position in the international financial sector due to its high degree of openness, active trading, and strict regulation. To assist investors or practitioners in gaining a more comprehensive understanding of forex brokers in this region, the team conducted on-site visits in Hong Kong.

Process

This period, the team went to Hong Kong, China as planned to conduct an on-site visit to the forex broker YL. According to public information, its office address is Room 1523A, 15/F Star House, 3 Salisbury Road, TST, Hong Kong.

A professional and experienced team, driven by a sense of mission to rigorously vet for investors, traveled to the target area in Hong Kong, China according to a meticulous plan. They conducted an on-site inspection of the dealer YL, which claims to be located at Room 1523A, 15/F Star House, 3 Salisbury Road. TST, Hong Kong.

The team arrived at the target building Star House successfully,  which is located at 3 Salisbury Road, Tsim Sha Tsui, Hong Kong. The surrounding area is bustling, with a strong commercial atmosphere. However, no signage about the company or related information was found on the exterior of the building.

The team entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter. On the internal directory board, there was no information about this company.

As there was no prior appointment, the team could not reach the target floor (15th floor) and was unable to enter the interior. The team did not find any prominent signage about YL's office area and could not photograph the reception area or logo. The office area was also not a co-working space.

In the hallway, the team could not observe the company's internal environment and found no information about this broker. Upon inquiring with the security guard, they were informed that no such company existed, leading to the judgment that it was false.

Therefore, after the on-site inspection, it was confirmed that broker YL does not exist at the aforementioned address.

Conclusion

The team visited forex broker YL at its public business address in Hong Kong, China as planned, but could not find any information such as the company name at the location, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for choice.