Purpose

The forex market of Hong Kong, China is a mature offshore forex market that developed in the 1970s. Leveraging its locational advantages as an international financial free port, it brings together a large number of licensed and various other forex trading-related institutions and is an important hub connecting Eastern and Western markets in the global forex trading network. To help investors gain a more comprehensive understanding of the actual operating conditions of forex dealers in the region and to conduct on-site visits to observe the real office status of dealers, this field inspection team went to Hong Kong, China, to carry out field inspection work.

Process

In this edition, the on-site inspection team traveled to Hong Kong, China as planned to conduct an on-site visit to the forex broker JinDao. According to publicly available information, its office address is Room 505, 5/F, Chung Wo Commercial Building, 42-46 Shanghai Street, Jordan, Kowloon.

The professional and experienced on-site inspection team, with a sense of mission to strictly safeguard investors' interests, went to Hong Kong, China according to a well-thought-out plan. They conducted an on-site verification of broker JinDao, which claims to be located at Room 505, 5th Floor, Chung Wo Commercial Building, 42-46 Shanghai Street, Jordan, Kowloon.

The on-site inspection personnel arrived smoothly at Chung Wo Commercial Building, which is located in the core district of Jordan, surrounded by numerous shops, with relatively high daily foot traffic and a fair commercial atmosphere. After inspecting the exterior of the building throughout the entire process, no signage or promotional information related to broker JinDao was found; only a complete panoramic view of the building was photographed.

The on-site inspection personnel entered the ground-floor lobby of the building, stated the purpose of their visit to the security guard, and after a brief communication and registration, smoothly obtained permission to enter the building.

After arriving at the target floor, the 5th floor, the on-site inspection personnel checked all company directory signs on the floor one by one, but could not find any relevant office area information marked with the name JinDao, and no obvious signage of the broker was found throughout the process. Since all office areas on the floor were independently locked, they could not be entered; there was no opportunity throughout the process to photograph the corresponding company's reception desk and reception desk LOGO, and the office space was not a shared office type either.

Through the glass door of the office area, it was impossible to observe the internal environment of the corresponding room. The relevant office area was not open to the public, and it was impossible to enter to inspect the internal office layout and staff status, making it completely impossible to confirm that the premises had any business traces consistent with the broker's claims.

Therefore, after the on-site inspection, it is confirmed that broker JinDao does not exist at the above publicly stated address.

Conclusion

On-site inspection personnel went to Hong Kong, China as planned to conduct an on-site visit to forex broker JinDao. At the publicly displayed business address, they were unable to see the broker's company name and other information. Combined with on-site inquiries with the security guard, it was learned that no company named JinDao has ever been located at this address, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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