Purpose

The Hong Kong, China foreign exchange market is an international financial center foreign exchange market that developed in the 1970s. As an important international financial hub, Hong Kong's foreign exchange market features active trading, a sound system, and strict regulation. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the team conducted on-site visits in Hong Kong, China.

Process

This period, the team went to Hong Kong, China as planned to conduct an on-site visit to the forex broker Penzo. According to public information, its office address is RM12, 19/F, Ho King Comm Ctr, 2 - 16 Fayuen St, Mongkok, Kowloon, Hong Kong.

A professional and experienced team, driven by a sense of mission to rigorously vet for investors, traveled to Hong Kong, China according to a well-planned schedule to conduct an on-site verification of the broker Penzo, which claims to be located at RM12, 19/F, Ho King Comm Ctr, 2 - 16 Fayuen St, Mongkok, Kowloon, Hong Kong.

The team successfully arrived at the target building, located at Ho King Commercial Centre, 2 - 16 Fayuen Street, Mong Kok, Kowloon. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or related information for broker Penzo was found on the exterior of the building.

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

Upon reaching the target floor, the 19th floor, the team found no clear signage for Penzo's office area, nor any related security measures. Due to the inability to find any information about the company within the building and other reasons, the team could not enter the interior, could not photograph a reception desk, and the floor was not a co-working space.

From the public areas on the floor, the team could not observe the internal environment of the so-called Penzo company or any other related conditions. No information about this broker was found. Inquiry with the front desk staff indicated that there was no such company, leading to the judgment that it is false.

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

Conclusion

The team visited the foreign exchange broker Penzo at its publicly displayed business address in Hong Kong, China, as planned, but failed to see any information such as the broker's company name at the location, indicating that the broker does not have a genuine physical 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.