Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed after the 1970s. As one of the global financial centers, Hong Kong's forex market is characterized by active trading, numerous participants, and a rich variety of trading products, holding a significant position in the Asian and even global forex markets. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker YDF in Hong Kong, China as scheduled. According to public information, its office address is Room D, 9th Floor, Yuqing Building, 57 Bonham Strand West, Sheung Wan, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and proceeded to Yu Qing Building at 57 Bonham Strand West, Sheung Wan, Hong Kong, China, to conduct an on-site verification of the dealer YDF claiming to operate at this address.

The inspection personnel successfully arrived at Yuqing Building, located on Bonham Strand West in Sheung Wan, Hong Kong. The surrounding streets are quite lively with a strong commercial atmosphere. However, no signage or relevant information related to YDF company was found on the exterior of the building.

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

Upon arriving at the target floor (9th floor), the field investigator found that the office area of YDF company had no clear signage or security measures. However, due to reasons such as lack of prior appointment, the investigator was unable to enter the interior, take photos of the reception area or its logo, and confirmed that this office is not a shared workspace.

Through the doorway, the on-site inspector was unable to observe the internal environment of the company as entry was not permitted. Upon careful inspection upon arrival, no signage of the company was found, leading to the conclusion that it was fraudulent.

Therefore, after on-site verification, it was confirmed that dealer YDF does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker YDF in Hong Kong, China as planned, but found no information such as the company name at the publicly displayed business address, 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 opinions are for reference only and should not be considered as the final basis for selection.