Purpose

The Hong Kong, China foreign exchange market is an international forex market that has developed since the 1970s. Leveraging its advantageous geographical location, well-established financial infrastructure, and open policy environment, it has become one of Asia's important foreign exchange 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 an on-site visit to the forex broker BloomsMarkets Limited. According to public information, its office address is No. 8, 1st Floor, WangFai Industrial Building, 29 Luk Hop Street, San Po Kong, Kowloon, 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 well-planned schedule to Hong Kong, China, to conduct a physical verification of the broker BloomsMarkets Limited which claimed to be located at No. 8, 1st Floor, WangFai Industrial Building, 29 Luk Hop Street, San Po Kong, Kowloon, Hong Kong.

The inspectors successfully arrived at Wang Fai Industrial Building, located at 29 Luk Hop Street, San Po Kong, Kowloon. The surrounding environment was relatively ordinary, with a general commercial atmosphere. No company signage or related information was found on the exterior of the building.

The inspectors entered the first floor of the building and stated their purpose to the security guard. After communication, permission to enter was granted. The directory board inside the building showed information for other companies at this address.

In the office area on the target floor (1st floor), the inspectors found no clear signage for BloomsMarkets Limited. As no company-related information was found, the inspectors could not enter the interior, were unable to photograph BloomsMarkets Limited's reception area, and the office was not a shared workspace.

Through the glass door, the inspectors could not observe the interior environment of the company and found no information about this broker. Upon inquiry, the security guard stated that there was no such company. The overall situation did not match its claimed location.

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

Conclusion

The on-site investigator visited the forex broker BloomsMarkets Limited at its publicly displayed business address in Hong Kong, China as planned, but was unable to see the broker's company name or other information, 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.