Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed after the 1970s. As one of the international financial centers, Hong Kong's foreign exchange market is characterized by active trading, numerous participants, 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 went to Hong Kong, China for a field visit.

Process

The on-site inspection team visited the forex broker VG Private Wealth in Hong Kong, China as planned. According to public information, its office address is Room 606 - 07, 6/F, 93 - 103 Wing Lok Street, Sheung Wan, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, followed a meticulous plan and proceeded to 93-103 Wing Lok Street, Sheung Wan, Hong Kong, China, to conduct a physical verification of the broker VG Private Wealth which claimed to be located in Room 606-07 on the 6th floor at this address.

The inspectors successfully arrived at the target building, located in the bustling area of Wing Lok Street, Sheung Wan, Hong Kong, with a lively and prosperous surrounding environment and a strong commercial atmosphere. No signage or related information of the company was found on the exterior of the building.

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

Upon reaching the target floor, the 6th floor, the inspectors found that the directory board contained no information about this company, and there was no clear signage indicating the office area of VG Private Wealth. As no relevant information about the company was found within the building, the inspectors were unable to enter the interior, could not photograph the reception area, and the office space in question was not a shared office.

The inspectors found no information whatsoever about this broker. Inquiries at the reception indicated that no such company existed, leading to the judgment that it was false. Therefore, after the on-site inspection, it was confirmed that broker VG Private Wealth does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker VG Private Wealth at its publicly displayed business address in Hong Kong, China as planned, but could not find 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.