Purpose

The Hong Kong foreign exchange market is an international forex market that has developed since the 1970s. With its advantageous geographical location, well-established financial infrastructure, and open policy environment, it has become one of the important forex trading hubs in Asia. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the on-site inspection team conducted a field visit to Hong Kong, China.

Process

This issue's field investigation team plans to visit Hong Kong, China to physically inspect forex broker Baccarat. According to public information, its office address is Unit D, 18/F, Sang Woo Building 227 - 228 Gloucester Road, Wan Chai, Hong Kong.

A professional and experienced site visit team, with a sense of mission to strictly vet for investors, traveled to Hong Kong, China according to a meticulous plan. They conducted an on-site verification of the broker Baccarat which claims to be located at Unit D, 18/F, Sang Woo Building 227 - 228 Gloucester Road, Wan Chai, Hong Kong.

The site visit personnel successfully arrived at the target building, Sang Woo Building, located at 227 - 228 Gloucester Road, Wan Chai, Hong Kong. The surrounding environment is bustling with a strong commercial atmosphere. However, no signage or any relevant information of the company was found outside the building.

The site visit personnel entered the lobby of the building and explained their purpose to the security guard. After a brief communication, they obtained permission to enter.

After arriving at the target floor, the 18th floor, the site visit personnel found that there was no obvious signage for the office area of Baccarat, nor any related security measures. Since the company could not be found at all, they were unable to enter the interior, nor could they take photos of the reception desk or its logo. Additionally, the floor is not a shared office space.

Through the public areas of the floor, as there is no corresponding office space for the company, it was impossible to observe the internal environment of the company. Upon arrival, it was confirmed that the address was correct, but no information about the broker was found. Upon inquiry, the security guard informed that there is no such company, and it was determined to be false. Therefore, after the site visit, it was confirmed that the broker Baccarat does not exist at the above address.

Conclusion

The field investigation team went to Hong Kong, China as planned to visit forex broker Baccarat in person. At its publicly displayed business address, the company name and other information of the broker could not be seen, indicating that the broker does not have a real business premises. Investors are advised to make their decision after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and are not the basis for final selection.