Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s. As one of the world's important financial centers, the Hong Kong foreign exchange market features characteristics such as active trading, market openness, and sound regulations. 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

As scheduled, the on-site inspection team visited the forex broker HKBIB in Hong Kong, China. According to public information, its office address is Room 2501, 25th Floor, Pilkem Commercial Centre, 8 Pilkem Street, Jordan, Kowloon.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, proceeded to Hong Kong, China according to a meticulous plan to conduct a physical verification of the broker HKBIB claiming to be located at Unit 2501, 25/F, Pilkem Commercial Centre, 8 Pilkem Street, Jordan, Kowloon.

The verification personnel successfully arrived at the Pilkem Commercial Centre. The location is in Jordan, Kowloon, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company signage or relevant information for HKBIB was found on the exterior of the building.

The verification personnel entered the building lobby and stated their purpose to the security guard. After a simple registration, they obtained entry permission.

Upon reaching the target floor, the 25th floor, the verification personnel found that the office area had no obvious signage for HKBIB and no security measures. As no information about the company was found, the verification personnel were unable to enter the interior, could not photograph the HKBIB reception desk, and the office was not a shared office.

Through the glass door, the verification personnel could not observe the internal environment of the company, as entry was simply not possible. The overall situation did not match its claimed positioning.

Therefore, after the on-site verification, it was confirmed that broker HKBIB does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker's publicly displayed business address in Hong Kong, China as planned, but could not find 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 choice after comprehensive consideration.

Disclaimer

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