Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed in the 1970s. It is one of the world's important forex trading centers, characterized by flexible trading hours and a rich variety of trading products. 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, China.

Process

The on-site inspection team visited the forex broker SCE Group in Hong Kong, China as planned. According to public information, its office address is 18 - 20/F, Elite Centre, 88 Queen's Road Central, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, traveled to Hong Kong, China according to a well-planned schedule to conduct a physical verification of the broker SCE Group which claims to be located at 18 - 20/F, Elite Centre, 88 Queen's Road Central, Hong Kong.

The inspectors successfully arrived at the target building, Elite Centre, located at 88 Queen's Road Central, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or relevant information for SCE Group was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security personnel. After communication, they obtained permission to enter.

Upon reaching the target floors (18 - 20), the inspectors found that the office area of SCE Group had no prominent signage and lacked security measures. As no information about the company was found, the inspectors were unable to enter the interior. Furthermore, they could not photograph the reception area or its logo. This office was not a shared workspace.

From the public areas on the floor, the inspectors were unable to observe the internal environment or conditions of the company. The overall situation did not match its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker's publicly displayed business address in Hong Kong, China as planned, but could not find any information such as the broker's company name at the location, 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 used as the final basis for selection.