Purpose

The Hong Kong foreign exchange market is an international financial center foreign exchange market that developed after World War II, characterized by high internationalization, active trading, and strict regulation. As an important foreign exchange trading hub in Asia, it attracts many globally renowned financial institutions and traders. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Hong Kong.

Process

The on-site inspection team visited the forex broker ZB in Hong Kong, China as planned. According to publicly available information, its office address is Room 1010-15, 10th Floor, Block B, New Manhua Centre, Tsim Sha Tsui East, Kowloon.

A professional and experienced on-site verification team, driven by a sense of mission to strictly vet for investors, followed a meticulous plan and traveled to Hong Kong, China, to conduct an on-site verification of the dealer ZB, which claims to be located at Unit 1010-15, 10th Floor, Tower B, New Mandarin Plaza, Tsim Sha Tsui East, Kowloon.

The verification personnel successfully arrived at New Mandarin Plaza. The location is in Tsim Sha Tsui East, Kowloon, with a bustling surrounding environment and a strong commercial atmosphere. However, no signage or related information for ZB was found on the exterior of the building.

The verification personnel entered the building lobby and stated their purpose to the security guard. After communication, they were granted permission to enter.

Upon reaching the target floor, the 10th floor, the verification personnel found that the directory board displayed information for other companies. There were no obvious signs for ZB in the office area. However, as no trace of the company was found, the verification personnel could not enter the interior. They were also unable to photograph ZB's reception area or its logo. The office area was not a shared office space.

Through the glass door, as no area resembling the company was seen, it was impossible to observe the internal environment of the company, and no information about this dealer was found. Upon inquiry with the security guard, they were informed that no such company existed, leading to the judgment that it was false.

Therefore, after the on-site verification, it was confirmed that dealer ZB does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the forex broker ZB in Hong Kong, China as planned. At its publicly displayed business address, no information such as the company name of this broker could be seen, indicating that this broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the basis for final selection.