Purpose

The Hong Kong foreign exchange market in China has developed into an international forex market since the 1970s. As one of the global financial centers, the Hong Kong forex market is characterized by active trading, well-established systems, and stringent regulation, attracting numerous global forex brokers to operate here. 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 BROAD FOREX in Hong Kong, China as scheduled. According to public information, its office address is RM18, 27/F, HO KING COMM CTR, 2-16 FA YUEN ST, MONGKOK, KL, HONG KONG.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the trader BROAD FOREX claiming to be located at RM18, 27/F, HO KING COMM CTR, 2 - 16 FA YUEN ST, MONGKOK, KL, HONGKONG.

The inspector successfully arrived at the target building, which is located in a bustling area of Mong Kok, surrounded by lively streets and a strong commercial atmosphere. However, no company signage or related information for BROAD FOREX was found on the exterior of the building.

The inspector entered the building lobby and, after explaining the purpose to the security personnel, successfully obtained permission to enter. Inside the building, no signage for the company was found.

Upon arriving at the target floor, the 27th floor, the field investigator found that although they could locate the room with the number RM18, it belonged to another company. The investigator was unable to enter the premises, take photos of the reception area or its logo, and confirmed that the office was not a shared workspace.

Through the doorway, there are no obvious company-related signs inside, making it impossible to observe the internal environment or other conditions related to BROAD FOREX. The overall situation does not match its claimed positioning.

Therefore, after on-site verification, it was confirmed that the dealer BROAD FOREX does not exist at the above address.

Conclusion

The inspection team visited the forex broker BROAD FOREX at its publicly displayed business address in Hong Kong, China as planned, but found no information such as the company name of the broker, 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 selection.