Purpose

The Hong Kong, China foreign exchange market is an international forex market that has developed since the 1970s. Leveraging its advantageous geographical location, sound financial system, and liberal trade policies, it has become one of Asia's important forex trading centers. 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 JP. According to publicly available information, its office address is Shop 119, 1/F, Wing Wah Building, 23 Nam On Street, Shau Kei Wan, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded according to a meticulous plan to Hong Kong, China, to conduct a physical verification of the trader JP, which claims to be located at Shop 119, 1/F, Wing Wah Building, 23 South On Street, Shau Kei Wan, Hong Kong.

The inspectors successfully arrived at Wing Wah Building. The surrounding area is a relatively ordinary street environment, and the building itself is actually a residential building. No company signage or related information was found on the exterior of the building.

The inspectors entered the building lobby and explained their purpose to the security guard. After inquiring about the situation, the security guard stated they had not heard of this company and requested them to leave the premises.

As the building is residential and the security guard refused access, it was impossible to reach the specific floor to confirm the exact location or enter the company's interior. There was no company directory board inside the building, nor was any company logo seen. This location is also not a shared office space, so a reception desk could not be photographed. Due to the denied entry, the internal office environment of the company could not be observed. Overall, its authenticity is questionable.

Therefore, after the on-site inspection, it is confirmed that trader JP does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the forex broker JP in Hong Kong, China as planned. At the publicly displayed business address, no information such as the company name of this broker could be seen, indicating that this 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.