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, sound regulations, numerous and highly internationalized market participants. 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 went as planned to Hong Kong, China, to conduct a field visit to the forex broker Ramon. According to publicly available information, its office address is Unit 83, 3/F, Yau Lee Center, No.45 Hoi Yuen Road, Kwun Tong KL, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded according to a well-planned schedule to Hong Kong, China, to conduct a physical verification of the broker Ramon which claims to be located at Unit 83, 3/F, Yau Lee Center, No.45 Hoi Yuen Road, Kwun Tong KL, Hong Kong.

The inspectors successfully arrived at Yau Lee Center, located at 45 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong. The surrounding area is relatively bustling with a strong commercial atmosphere. No company signage or related information for Ramon was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security personnel. After communication, they obtained permission to enter. The building's internal directory did not contain any information about this company.

Upon reaching the target floor, the 3rd floor, the inspectors found no clear signage for Ramon's office area and no security measures in place. However, as they did not have an appointment, the inspectors were unable to enter the interior. Furthermore, they could not photograph the reception area. The office was not a shared workspace.

From the public area, as entry was not permitted, the inspectors could not observe the company's internal environment. No information regarding this broker was found. Inquiry with security personnel revealed that no such company exists, leading to the judgment that it is false.

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

Conclusion

The on-site inspection team visited the forex broker Ramon at its publicly displayed business address in Hong Kong, China as planned. The team was unable to see any information such as the broker's company name at the 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 views are for reference only and should not be used as the final basis for selection.