Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that has developed since the 1970s. As one of the international financial centers, the Hong Kong foreign exchange market is characterized by active trading, numerous participants, a rich variety of trading products, and flexible trading hours, holding an important position in the global foreign exchange market. 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

In this issue, the on-site inspection team visited the forex broker 5tongqh in Hong Kong, China as planned. According to public information, its office address is 23/F, Wah Kwai Centre, 28 Marble Road, North Point, Hong Kong.

A professional and experienced on-site verification team, driven by a sense of mission to strictly safeguard investors, traveled to Hong Kong, China according to a well-planned schedule. Based on the aforementioned information, they conducted a physical visit to the broker 5tongqh.

The verification personnel went to Wah Fai Centre, 28 Marble Road, North Point, Hong Kong, based on the address information, to conduct an on-site verification of the broker 5tongqh which claimed to be located at this address.

The verification personnel successfully arrived at Wah Fai Centre. The location is on Marble Road, North Point, Hong Kong, with a strong commercial atmosphere and bustling streets in the surrounding area. However, no company signage or related information of this broker was found on the exterior of the building.

The verification personnel entered the building lobby and stated their purpose to the security guard. After communication, although permission to enter the lobby was granted, the security guard and the front desk did not allow further entry and requested immediate departure.

As they were unable to reach the target floor, the 23rd floor, the verification personnel could not determine if there were any visible signs in the office area of 5tongqh. They also could not enter the interior, and the office was not a shared workspace.

No information regarding this broker was found. The overall situation does not align with its claimed positioning of having a physical office address. Therefore, it is judged that the broker's office location information may be false.

Consequently, after the on-site verification, it is confirmed that broker 5tongqh 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 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.