Purpose

The Hong Kong foreign exchange market is an international foreign exchange market that developed after the 1970s. As one of the important international financial centers, its foreign exchange market is characterized by active trading, fast information flow, and rich financial products. To help investors or practitioners gain a more comprehensive understanding of foreign exchange brokers in the region, the survey team visited Hong Kong, China for an on-site inspection.

Process

This time, the on-site verification team plans to visit the forex broker Douglas in Hong Kong, China. According to public information, its office address is UNIT NO.A222, 3F, HANG FUNG INDUSTRIAL BUILDING, PHASE2, NO.2G HOK YUEN STREET, HUNGHOM, HK.

A professional and experienced on-site inspection team, with a mission to strictly check for investors, traveled to Hong Kong, China according to a meticulous plan. They conducted an on-site verification of the broker Douglas claiming to be located at UNIT NO. A222, 3F, HANG FUNG INDUSTRIAL BUILDING, PHASE 2, NO. 2G HOK YUEN STREET, HUNGHOM, HK.

The inspection personnel arrived smoothly at the target building, which is located at HANG FUNG INDUSTRIAL BUILDING, PHASE 2, NO. 2G HOK YUEN STREET, HUNGHOM, HONG KONG. The surrounding streets are relatively ordinary, possibly an industrial building cluster, with a general commercial atmosphere. Outside the building, no signs or related information of Douglas company were found.

After entering the lobby of the building, the inspection personnel explained their purpose to the security guard. After a brief communication, they obtained permission to enter.

Upon reaching the target floor, the 3rd floor, the inspection personnel found no obvious signage or security measures for the Douglas office area. They asked the security guard and were told that the company was not there. Since no traces of the company were found from the beginning, they could not enter the so-called company interior, nor could they take photos of the reception desk and its logo, and this area on the floor is not a shared office.

Through visible areas such as the corridor, the inspection personnel did not observe any internal environment or employee activities related to Douglas. The overall situation does not match its claimed positioning.

Therefore, after the inspection, it was confirmed that broker Douglas does not exist at the above address.

Conclusion

The surveyors went to Hong Kong, China as planned to visit the forex broker Douglas on-site. At its publicly displayed business address, they did not see the broker's company name or other information, indicating that the broker does not have a real business premises. Investors are advised to make their decision after comprehensive consideration.

Disclaimer

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