Purpose

The Hong Kong foreign exchange market is an international forex market developed after World War II. As one of the important global financial centers, Hong Kong's foreign exchange market features active trading, sound regulations, and comprehensive supporting services. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, a relevant team conducted an on-site visit to Hong Kong.

Process

This time, the team went to Hong Kong, China as planned to visit the forex broker LCM in person. According to public information, its office address is 20/F, One Hennessy, No. 1 Hennessy Road, Wan Chai, Hong Kong.

A professional and experienced team, with a sense of mission to strictly scrutinize for investors, went to Hong Kong, China according to a well-planned schedule. They conducted an on-site verification of the broker LCM claiming to be located at the aforementioned address.

The team arrived smoothly at One Hennessy Building, located at Hennessy Road, Wan Chai, Hong Kong, China. The surrounding area is bustling with a strong commercial atmosphere. No signs or related information of the company were found outside the building.

After entering the lobby of the building, the team stated their purpose to the security guard and, after a brief communication, obtained permission to enter.

Upon arriving at the target floor, the 20th floor, the team found that the office area of LCM had no obvious signage or security measures. Since no trace of the company was found, they were unable to enter the interior, nor could they take photos of the reception area or its logo. Moreover, the office area was not a shared office.

Through the public area of the floor, the team was unable to observe the internal environment of the so-called LCM company. Overall, they could not find the claimed office space, which does not match its stated location.

Therefore, after the on-site inspection, it is confirmed that the broker LCM does not exist at the aforementioned address.

Conclusion

The team visited the physical business address of forex broker LCM in Hong Kong, China as planned, but could not see the company name or other information at the publicly displayed business address, indicating that the broker does not have a real business location. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and do not serve as the basis for final decisions.