Purpose

The Hong Kong foreign exchange market in China is an international forex market that developed in the 1970s. As one of the global financial centers, the Hong Kong forex market is characterized by active trading, strong liquidity, and a diverse range of trading products, holding a significant position in the Asian and even global forex markets. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker Kin Fong in Hong Kong, China as planned. According to public information, its office address is the Hong Kong Gold and Silver Commercial Building.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and proceeded to the Hong Kong Gold and Silver Commercial Building to conduct an on-site verification of the dealer Kin Fong claimed to be located there.

The inspector successfully arrived at the Hong Kong Gold and Silver Commercial Building, where the surrounding area has a strong commercial atmosphere. No company logo or relevant information of the dealer Kin Fong was found on the exterior of the building.

The field investigator entered the building lobby and, after stating their purpose to the security personnel, obtained entry permission. The company's information was not listed on the directory inside the building.

Inside the building, the surveyor found no clear signage for the Kin Fong office area. Due to the lack of relevant information, the surveyor was unable to enter the interior, nor could they photograph the reception desk and its logo. Additionally, this office is not a shared workspace.

Unable to enter, and through public areas, the internal environment of the company could not be observed. Upon arrival, it was confirmed to be the correct address, but after entering, no information about the broker Kin Fong was found, leading to the conclusion that it was a fake company. Therefore, after the on-site inspection, it was confirmed that the broker Kin Fong does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker Kin Fong in Hong Kong, China as planned. The broker's company name and other information were not found at the publicly displayed business 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 considered as the final basis for selection.