Purpose

The Hong Kong foreign exchange market is an international forex market that developed in the 1970s. As one of the important global financial centers, the Hong Kong forex market is characterized by active trading, high liquidity, and robust regulation. 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 Power Trading in Hong Kong, China as planned. According to public information, its office address is Unit 225 - 12, 2nd Floor, MEGA CUBE, 8 WANG KWONG ROAD, KOWLOON BAY, 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 Power Trading purportedly located at Unit 225 - 12, 2nd Floor, MEGA CUBE, 8 WANG KWONG ROAD, KOWLOON BAY, HONG KONG.

The field investigator successfully arrived at MEGA CUBE, located at 8 Mong Kok Road, Kowloon Bay. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company signage or related information for Power Trading was found on the exterior of the building.

The field investigator entered the building lobby and explained their purpose to the security personnel. After a brief communication, they obtained permission to enter the building. However, the company's information was not found on the directory inside the building.

Upon arriving at the target floor (2nd floor), the field investigator found no clear signage indicating Power Trading's office area, nor any corresponding security measures. Since no trace of the company was found on this floor, the investigator was unable to enter the so-called company premises. Additionally, it was impossible to photograph the reception desk or its logo, and the office space was not a shared workspace.

Through the common areas of the floor, the inspector naturally could not observe the internal environment of the company and other conditions. The overall situation does not match its claimed positioning.

Therefore, after on-site verification, it is confirmed that the dealer Power Trading does not exist at the above address.

Conclusion

The inspection team visited the forex broker Power Trading 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 considered as the final basis for decision-making.