Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s, and it rapidly rose under the impetus of Hong Kong's financial internationalization and liberalization. As one of the international financial centers, Hong Kong has an active foreign exchange market with numerous participants, including banks, financial institutions, enterprises, and individual investors. 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

This time, the on-site inspection team went as planned to Hong Kong, China, to conduct a field visit to the forex broker Kowela. According to publicly available information, its office address is The Gateway Tower 5, Harbour City, 15 Canton Road, Kowloon, Hong Kong.

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 Kowela which claimed to be located at The Gateway Tower 5, Harbour City, 15 Canton Road, Kowloon, Hong Kong.

The inspectors successfully arrived at The Gateway Tower 5, located at Harbour City, 15 Canton Road, Kowloon. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or relevant information for Kowela 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. On the internal directory board of the building, there was no information for this company.

Upon reaching the target floor, the inspectors found no clear signage for Kowela's office area. After arrival, it was confirmed to be the correct address, but there was no specific unit number. Checking the directory board again revealed no information about this broker. Inquiring with security personnel, they were informed that if it's not on the directory board, then the company does not exist there. Due to the lack of company-related information, the inspectors could not enter the company's interior, could not photograph the reception area, and the office was not a shared workspace.

From the public area, the inspectors were unable to observe the internal office environment of the company. The overall situation did not match its claimed positioning.

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

Conclusion

The on-site inspector visited the forex broker Kowela at its publicly displayed business address in Hong Kong, China as planned, but could not find information such as the broker's company name at the location, 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.