Purpose

The Hong Kong foreign exchange market is an international forex market that has developed since the 1970s. It is one of the important hubs for global forex trading, with a highly open and active trading environment and a well-established regulatory system. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team went to Hong Kong for a physical visit.

Process

This time, the survey team went to Hong Kong, China as planned to visit the forex broker Stumac. According to public information, its office address is Unit 303D, 3/F Block A Hung Hom Commercial Centre, 39 Ma Tau Wai Road, Hung Hom, Kowloon, Hong Kong.

A professional and experienced site visit team, with a sense of mission to strictly scrutinize for investors, followed a meticulous plan and went to Hong Kong, China. They conducted an on-site verification of the broker Stumac, which claims to be located at Unit 303D, 3/F Block A Hung Hom Commercial Centre, 39 Ma Tau Wai Road, Hung Hom, Kowloon, Hong Kong.

The site visit personnel arrived at Hung Hom Commercial Centre, located at 39 Ma Tau Wai Road, Hung Hom, Kowloon. The surrounding street environment was relatively lively, with a strong commercial atmosphere. However, no company logo or related information for Stumac was found on the exterior of the building.

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

Upon reaching the target floor, the 3rd floor, the site visit personnel found no obvious signage for the Stumac company's office area, nor any related security measures. After inquiring with the security guard, they learned that this company did not exist in the building. Since the company does not actually exist there, the site visit personnel could not enter the interior, nor could they photograph the front desk or its logo. The office is not a shared office.

Through the public areas of the floor, it was naturally impossible to observe the internal environment of the company, etc. The overall situation does not match its claimed location.

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

Conclusion

The on-site surveyor went to Hong Kong, China as planned to visit the forex broker Stumac in person. At its publicly displayed business address, the company name or other information of the broker could not be seen, indicating that the broker does not have a real business premises. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

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