Purpose

The foreign exchange market in Hong Kong, China, which developed in the 1970s, is a core foreign exchange trading market in the Asia-Pacific region. As an important global offshore financial hub, it features a high degree of capital flow freedom, a mature regulatory system, and outstanding cross-border trading activity, making it the preferred region for many forex dealers to expand their Asia-Pacific business. To help investors or practitioners gain a more comprehensive understanding of forex dealers in the region, the on-site inspection team traveled to Hong Kong, China for a field visit.

Process

In this issue, the on-site inspection team went to Hong Kong, China as planned to conduct an on-site visit to forex broker AFFX. According to public information, its office address is A68, 3F, Manning Industrial Building, 116-118 How Ming St, Kwun Tong, Hong Kong SAR.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly safeguard investors, traveled to Hong Kong, China according to a well-planned schedule. They conducted an on-site verification of the broker AFFX, which claims to be located at A68, 3F, Manning Industrial Building, 116-118 How Ming St, Kwun Tong, Hong Kong SAR.

The team successfully arrived at the district where Manning Industrial Building is located. The location is at 116-118 How Ming Street, Kwun Tong, and the surrounding area is a cluster of established industrial buildings in Hong Kong. There was no signage information related to the company in the street environment, and the commercial atmosphere tended toward traditional industrial and trading businesses. A complete panoramic photo of the building was taken from outside, and no company signage or related promotional information bearing the words AFFX was found.

After entering the ground-floor lobby of the building, the team stated its purpose to the security guard. After a brief information registration and communication, the team successfully obtained permission to enter the building and was able to move freely to the target floor.

After arriving at the target floor, the 3rd floor, the team conducted an on-site check of the area corresponding to A68. No obvious signage or related doorplate information was found for AFFX's office area. Because no signage location for the corresponding company was found throughout the process, the team was also unable to obtain permission to enter the premises.

No reception area of the corresponding company was found throughout the process, and it was completely impossible to photograph the reception desk or its LOGO. This location is also not a shared office.

Since the team could not enter the corresponding area, it could not see the company's internal environment, decoration style, or employee activities at all. The overall scene is completely inconsistent with the broker's claimed positioning of establishing an office at this location.

Therefore, after the on-site inspection, it was confirmed that the broker AFFX does not exist at the above address. Upon arrival, the address was confirmed, but no information about the broker was found. When asked, the security guard said that no such company existed, and it was judged to be false.

Conclusion

On-site inspectors went to Hong Kong, China as planned to conduct an on-site visit to the forex broker AFFX. At the business address publicly disclosed by the broker, they were unable to see the company name or other information, indicating that the broker does not have actual business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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