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 conducted field visits in Hong Kong, China.

Process

In this issue, the on-site inspection team visited the forex broker HMT Group in Hong Kong, China as planned. According to public information, its office address is Rm 11 Unit B, 27/F Billion Plaza 2, 10 Cheung Yue Street, Cheung Sha Wan, Kowloon, Hong Kong.

A professional and experienced site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded according to a meticulous plan to Hong Kong, China, to conduct a physical verification of the trader HMT Group claiming to be located at Rm 11 Unit B, 27/F Billion Plaza 2, 10 Cheung Yue Street, Cheung Sha Wan, Kowloon, Hong Kong.

The inspectors successfully arrived at the target building Billion Plaza 2, located at 10 Cheung Yue Street, Cheung Sha Wan, Kowloon. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company signage or related information for HMT Group was found outside the building.

The inspectors entered the building lobby, explained their purpose to the security or staff, and after brief communication, obtained permission to enter.

Upon reaching the target floor, the 27th floor, the inspectors found that the directory board displayed information for other companies. There was no clear signage for HMT Group in the office area. As no information related to this company was found, the inspectors could not enter the interior, could not photograph HMT Group's reception desk, and the office was not a shared office.

Through the glass door, as entry was not possible, the internal environment of the company could not be observed, and no information about this trader was found. Inquiry at the reception desk revealed that there was no such company, leading to the conclusion that it was false.

Therefore, after the site inspection, it was confirmed that the trader HMT Group does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker's publicly displayed business address in Hong Kong, China, as planned, but was unable to see any information such as the broker's company name, 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.