Purpose

The Hong Kong foreign exchange market is an international forex market that developed in the 1970s. Since Hong Kong opened its foreign exchange market in the 1970s, it has rapidly grown into one of Asia's important forex trading centers, thanks to its superior geographical location, well-developed financial infrastructure, and free financial policies. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the survey team traveled to Hong Kong for an on-site inspection.

Process

This issue's on-site investigation team plans to visit Hong Kong, China to conduct a field inspection of the forex broker Stumac. According to public information, its office address is FLAT A100 3/F MANNING INDUSTRIAL BUILDING 116 - 118 HOW MING STREET KWUN TONG KOWLOON.

A professional and experienced site survey 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 verification of the broker Stumac claiming to be located at FLAT A100 3/F MANNING INDUSTRIAL BUILDING 116 - 118 HOW MING STREET KWUN TONG KOWLOON.

The survey personnel arrived smoothly at the target building, which is located on a specific street in Kwun Tong, Kowloon. The surrounding environment is relatively ordinary, with a general business atmosphere. No company logo or related information for Stumac was found outside the building.

The survey personnel entered the building lobby and stated their purpose to the security guard. After a brief conversation, they obtained permission to enter.

After arriving at the target floor, the 3rd floor, the survey personnel found no obvious signage for Stumac's office area, nor any security measures. They originally intended to enter and look inside, but were unable to because the staff indicated that this company did not exist there. During this survey, they were unable to photograph the front desk or its logo, and the office was not a shared office.

No information about the company's interior could be obtained through the glass door. Upon arrival, the address was confirmed, but no information about the broker was found. Upon inquiry, the security guard said that this company did not exist, leading to the judgment that it is false. Therefore, after the survey, it was confirmed that the broker Stumac does not exist at the above address.

Conclusion

The inspection team went to Hong Kong, China as planned to conduct an on-site visit to forex broker Stumac. 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 genuine place of business. Investors are advised to consider all factors before making a decision.

Disclaimer

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