Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed in the 1970s. It is one of the most active forex markets globally, 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 Hong Kong office of forex broker SHENG DA Futures as planned. According to public information, its office address is Unit 901, World-Wide House, Hong Kong Island.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded according to a meticulous plan to the World Centre Office Building in Hong Kong Island, Hong Kong, China, to conduct a physical verification of the broker SHENG DA FUTURES claiming to be located at Unit 901, World Centre Office Building, Hong Kong Island.

The inspectors successfully arrived at the World Centre Office Building in Hong Kong Island. The location is situated in a bustling area of Hong Kong, with a vibrant surrounding environment and a strong commercial atmosphere. However, no company signage or related information was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security or staff. After communication, permission was granted to enter the building. On the internal directory board, there was no information for this company.

Furthermore, it was discovered that access to the 9th floor required a key card. The inspectors inquired at the reception desk, and the receptionist informed them that an appointment was necessary to go up and also stated they had never heard of the company SHENG DA FUTURES. Due to the appointment requirement and the receptionist's lack of knowledge about the company, the inspectors were unable to reach the target floor (9th), and thus could not confirm the situation of the company's office area, could not enter the interior, could not photograph the reception, and the office was also not a shared workspace.

From the lobby, as they could not enter the company's interior, they were unable to observe the internal environment and other conditions of the company. Therefore, after the on-site inspection, it was confirmed that broker SHENG DA FUTURES does not exist at the aforementioned address.

Conclusion

The on-site inspection team went to Hong Kong, China as planned to conduct an on-site visit to the forex broker SHENG DA Futures. 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 choices after comprehensive consideration.

Disclaimer

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