Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed after the 1970s. It operates as an over-the-counter market without a fixed physical location, where participants conduct transactions electronically. The primary trading currency is the US dollar, and its trading hours align with major global financial centers like London and New York, enabling 24-hour continuous trading. To provide investors and practitioners with a comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker GWCC Group in Hong Kong, China as planned. According to public information, its office address is Room 11, 9th Floor, Hang Wan International Centre, 44 Heung Yip Road, Wong Chuk Hang, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Hengyun International Center at 44 Xiangye Road, Wong Chuk Hang, Hong Kong, China, to conduct an on-site verification of the claimed trading firm GWCC Group at this address.

The inspection personnel successfully arrived at Hengyun International Center, located at Xiangye Road, Wong Chuk Hang, Hong Kong. The surrounding environment is normal, with an average commercial atmosphere. No company signage or related information of GWCC Group was found on the exterior of the building.

The surveyor entered the building lobby and stated their purpose to the security or staff. After communication, they were unable to obtain permission to enter.

Despite this, the inspector still reached the target floor, the 9th floor. Upon arrival, it was found that there was no clear signage for GWCC Group in the office area. The inspector entered the floor to check and inquired at the reception desk, where the receptionist stated that the company was not present. After a thorough search, the company was still not found. Since the company could not be located, it was impossible to enter the interior or take photos of the reception desk and its logo. Additionally, the floor was not a shared office space.

Through the public areas on the floor, the company was not found, so it was not possible to observe the internal environment of the company and other situations.

Therefore, after on-site verification, it is confirmed that the broker GWCC Group does not exist at the above address.

Conclusion

The field investigator visited the forex broker GWCC Group in Hong Kong, China as planned, but did not find any information such as the company name of the broker at its 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 selection.