Purpose

The foreign exchange market in Hong Kong, China, developed into an international forex market after the 1970s. As one of the global financial centers, Hong Kong's forex market is characterized by active trading, numerous participants, and a wide variety of trading products. It holds a significant position in forex trading across Asia and even globally. 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 MYWITRADE in Hong Kong, China as planned. According to public information, its office address is Unit 02, 12/F Fu Fai Commercial Centre, 27 Hillier Street, Sheung Wan, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and proceeded to the 27 Hillier Street, Full Win Commercial Centre in Sheung Wan, Hong Kong, China, to conduct an on-site verification of the trader MYWITRADE claiming to be located at this address.

The inspection personnel successfully arrived at Fu Hui Commercial Center, located on Hillier Street in Sheung Wan, Hong Kong. The surrounding streets are quite lively with a strong commercial atmosphere. However, no company signage or related information of MYWITRADE was found on the exterior of the building.

The surveyor entered the building lobby and, after explaining their purpose to the security guard, successfully obtained permission to enter. Inside the building, they could not find the company's directory board.

Upon arriving at the target floor (12th floor), the field investigator found no clear signage indicating the MYWITRADE office area, nor any relevant security measures. Due to the absence of any information about the company, the investigator was unable to enter the premises. Additionally, they could not photograph the reception desk or its logo, and the office area was not a shared workspace.

Through the common areas of the floor, the on-site inspector could not observe the internal environment of the company or other relevant conditions. Upon arrival, it was confirmed to be the correct address, but no information about the broker was found, leading to the conclusion that it was fraudulent. Therefore, after the on-site inspection, it was confirmed that the broker MYWITRADE does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker MYWITRADE in Hong Kong, China as planned, but could not find any information such as the company name 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 used as the final basis for decision-making.