Purpose

The Hong Kong, China foreign exchange market developed into an international forex market after the 1970s. As one of the global financial centers, Hong Kong's forex market is highly active, open, and internationalized. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The inspection team visited the forex broker Eangel Markets in Hong Kong, China as planned. According to public information, its office address is "FLAT 2304E-23/F HO KING E-COMMERCIAL CENTRE E-2-16 FA YUEN STREET E-MONG KOK KOWLOON HONG KONG".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Hong Kong, China, to conduct a physical verification of the dealer Eangel Markets purportedly located at the aforementioned address.

The inspection personnel successfully arrived at the target building, which is located in Mong Kok, Kowloon, Hong Kong. The surrounding streets are bustling with a strong commercial atmosphere. However, no signage or relevant information of the company was found on the exterior of the building.

The inspector entered the building lobby and stated their purpose to the security personnel. After a brief communication, they obtained permission to enter. Inside the building, no signage for the company was found.

Upon arriving at the target floor, the 23rd floor, the field investigator found that the office area of Eangel Markets had no clear signage or security measures. As no trace of the company was found, the investigator was unable to enter the premises. Additionally, they could not photograph the reception area or its logo, and the office was not a shared workspace.

Through the common areas of the floor, the inspector was unable to observe the interior of the company because the office space of the company could not be found at all. Upon inquiring with the security personnel, they indicated they were unaware, leading to the conclusion that it was a false presence.

Therefore, after on-site verification, it is confirmed that the broker Eangel Markets does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Eangel Markets 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 decision-making.