Purpose

The Hong Kong foreign exchange market is an international foreign exchange market that developed after the 1970s. Before the 1970s, the business of the Hong Kong foreign exchange market was mainly the exchange of Hong Kong dollars and British pounds. After the 1970s, Hong Kong implemented a policy of financial liberalization. At the same time, with the rapid economic development of the Asia-Pacific region, the Hong Kong foreign exchange market also achieved considerable development, becoming one of the world's major foreign exchange markets. In order to help investors or practitioners better understand the foreign exchange brokers in the region, the survey team went to Hong Kong for an on-site inspection.

Process

This issue's inspection team went to Hong Kong, China as planned to conduct an on-site visit to forex broker Nerico. According to public information, its office address is Room 1802, 18/F, Progress Commercial Building, 9 Irving Street, Causeway Bay, Hong Kong.

A professional and experienced on-site inspection team, with a sense of mission to strictly safeguard investors, followed a meticulous plan and went to Hong Kong, China. They conducted a field verification of the broker Nerico claiming to be located at that address.

Upon arriving at the target building, Progress Commercial Building, located on Irving Street, Causeway Bay, Hong Kong, the surrounding streets were relatively lively with a strong commercial atmosphere, but no company signage or related information for Nerico was found on the exterior of the building.

Then, entering the building lobby, they stated their purpose to the security guard and obtained permission to enter smoothly.

After reaching the target floor, the 18th floor, the on-site inspectors found no obvious signage for the Nerico office area. Upon inquiring with the security guard, they were told that there was no company named Nerico in the building. Since it was verified that there was no information about the broker at this address, they were unable to enter the interior, could not photograph the front desk or its logo, and the office was not a shared office.

Through the corridor, the on-site inspectors could not observe the internal environment of the company. After arrival, they confirmed it was the given address, but found no information about the broker, concluding that the broker's claimed address was a false address.

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

Conclusion

The survey team visited the forex broker Nerico in Hong Kong, China as planned. At its publicly displayed business address, the company name and other information of the broker could not be seen, indicating that the broker does not have a real business premises. Please consider all factors before making a decision.

Disclaimer

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