Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed after the 1970s. The Hong Kong foreign exchange market has no fixed venue, and market participants conduct foreign exchange transactions through various modern communication facilities and computer networks. 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 LION in Hong Kong, China as planned. According to public information, its office address is "FLAT 5 16/F HO KING COMMERCIAL CENTRE 2 - 16 FA YUEN STREET MONG KOK KOWLOON, HONGKONG".

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded to Hong Kong, China according to a well-planned schedule to conduct a physical verification of the broker LION that claims to be located at "FLAT 5 16/F HO KING COMMERCIAL CENTRE 2 - 16 FA YUEN STREET MONG KOK KOWLOON, HONGKONG".

The inspection personnel successfully arrived at the target building, which is located in a bustling area of Mong Kok, with lively surrounding streets and a strong commercial atmosphere. However, no signage or relevant information for LION company 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, permission to enter the building was obtained.

Upon reaching the target floor, the 16th floor, the inspection personnel found no clear signage for LION company's office area, nor any corresponding security measures. As no trace of the company was found, the inspection personnel were unable to enter the so-called internal office area, failed to photograph a reception desk, and the floor was not a shared office space.

Through the public areas of the floor, as no office space related to LION company was seen, it was impossible to observe the company's internal environment and other conditions. No information about this broker was found, its authenticity is questionable, and it is judged to be false. Therefore, after the on-site inspection, it was confirmed that broker LION does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker LION in Hong Kong, China as planned. At its publicly displayed business address, the team was unable to see 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.