Purpose

The Hong Kong foreign exchange market in China developed into an international foreign exchange market after the 1970s. As one of the international financial centers, Hong Kong has an active foreign exchange market with a high degree of openness and internationalization. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the inspection team conducted on-site visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker MultiBank Group in Hong Kong, China as scheduled. According to public information, their office address is 99 Queens Road, Central, 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 dealer MultiBank Group, which claimed to be located at 99 Queens Road, Central, Hong Kong.

The inspection personnel successfully arrived at the target building, which is located on Queen's Road in Central, Hong Kong, surrounded by a bustling environment with a strong commercial atmosphere. However, no signage or relevant information of the company was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter. However, the company's information could not be found on the directory inside the building.

In the lobby, the inspector found no obvious signage for the MultiBank Group, but the building had security measures in place. Due to the absence of any company-related information, the inspector 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 public areas, as it was not possible to enter the interior, the internal environment of the company and other conditions could not be observed, leading to an overall judgment of being false.

Therefore, after on-site verification, it was confirmed that the broker MultiBank Group does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker MultiBank Group in Hong Kong, China as planned, but found no 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 considered as the final basis for decision-making.