Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed after the 1970s. It is one of the world's important foreign exchange trading centers, possessing a mature financial system and an active trading atmosphere. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker __TERM_0__ in Hong Kong, China as planned. According to public information, its office address is Room 1135, 11/F Grand Millennium Plaza, 181 Queen’s Road Central, Sheung Wan, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded according to a well-planned schedule to Hong Kong, China, to conduct a physical verification of the dealer HK Broad Capital claiming to be located at Room 1135, 11/F Grand Millennium Plaza, 181 Queen’s Road Central, Sheung Wan, Hong Kong.

The inspection personnel successfully arrived at Grand Millennium Plaza, located at 181 Queen's Road Central, Central, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or relevant information for HK Broad Capital was found on the exterior of the building.

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

Upon reaching the target floor, the 11th floor, the inspection personnel found that the office area for HK Broad Capital had no obvious signage or security measures. No information about this dealer was found; only a bank was seen, casting doubt on its authenticity. As no signs of this dealer were discovered, the inspection personnel were unable to enter the interior, and the office was not a shared workspace.

Through the glass door, and being unable to enter, the inspection personnel could not observe the company's internal environment. The overall situation did not match its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that dealer HK Broad Capital does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker HK Broad Capital in Hong Kong, China as planned. At its publicly displayed business address, the team could not find any information such as the broker's company name, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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