Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed in the 1970s. As one of the international financial centers, the Hong Kong forex market features active trading, strict regulation, and a rich variety of trading products. 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 ODM in Hong Kong, China. According to public information, its office address is Unit 702, Bangkok Bank Building. No 18, Bonham Strand West Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, traveled to Hong Kong, China according to a well-planned schedule. Based on the aforementioned information, they conducted an on-site visit to the broker ODM.

The inspectors proceeded to the target area based on the address information to conduct an on-site verification of the broker ODM, which claimed to be located at Unit 702, Bangkok Bank Building. No 18, Bonham Strand West Hong Kong.

The inspectors successfully arrived at the Bangkok Bank Building, located at 18 Bonham Strand West, Hong Kong. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no signage or related information for the company ODM was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter. On the directory board inside the building, there was no information about this company.

Upon reaching the target floor, the 7th floor, the inspectors found no clear signage for ODM in the office area. As no company-related information was found, the inspectors were unable to enter the premises. Furthermore, they could not photograph the reception area; the office was not a shared workspace.

Through the glass door, as entry was not possible, the inspectors could not observe the internal environment of the company. No information about this broker was found. Inquiry with the security guard revealed that there was no such company, leading to the judgment that it is false.

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

Conclusion

The on-site inspector visited the forex broker ODM at its publicly displayed business address in Hong Kong, China as planned, but 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 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.