Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s. It is one of the world's important foreign exchange trading centers, characterized by active trading, a high degree of market openness, and numerous financial institutions. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Hong Kong, China for field visits.

Process

The on-site inspection team visited the forex broker GGtrade in Hong Kong, China as planned. According to public information, its office address is Amtel Building, 148 Des Voeux Road Central, 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 the target area in Hong Kong, China, to conduct a physical verification of the broker GGtrade claiming to be located at Amtel Building, 148 Des Voeux Road Central, Hong Kong.

The inspectors successfully arrived at the target building, Amtel Building, located at 148 Des Voeux Road Central, Central, Hong Kong, China. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or relevant information for GGtrade was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After communication, permission to enter was granted.

Upon reaching the target floor, the inspectors found that the office area had no clear signage for GGtrade and no security measures. As no information about the company was found, the inspectors were unable to enter the interior, could not photograph GGtrade's reception desk, and the office was not a shared workspace.

Through the glass door, and being unable to enter, the inspectors could not observe the company's internal environment and other conditions. No information about this broker was found. Inquiry with security indicated there was no such company, leading to the judgment that it is false.

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

Conclusion

The on-site investigator visited the forex broker GGtrade in Hong Kong, China as planned. At its publicly displayed business address, the investigator was unable to see any information such as the company name of the broker, 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.