Purpose

The Hong Kong forex market is an international forex market that developed in the 1970s. As one of the world's important financial centers, the Hong Kong forex market features characteristics such as active trading, strong liquidity, 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.

Process

This time, the on-site inspection team went to Hong Kong, China as planned to visit forex broker BPG. According to publicly available information, its office address is Room 1011, 10th Floor, Block A, New Man Wah Centre, Tsim Sha Tsui East, Kowloon.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded according to a well-planned schedule to Hong Kong, China, to conduct a physical verification of the broker BPG which claims to be located at Unit 1011, 10th Floor, Tower A, Sun Man Centre, Tsim Sha Tsui East, Kowloon.

The inspectors successfully arrived at Sun Man Centre, a location in Tsim Sha Tsui East, Kowloon, with a bustling surrounding environment and a strong commercial atmosphere. However, no company signage or related information for BPG 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 were granted entry permission.

Upon reaching the target floor, the 10th floor, the inspectors found that the directory board inside the building displayed information for other companies at this address. There were no obvious signs for BPG in the office area, nor were there any security measures. As no information about the company was found, the inspectors could not enter the interior, failed to photograph the reception area and logo of BPG, and the office was not a shared workspace.

Unable to enter, the inspectors could not observe the internal environment of the company through the glass door and found no information about this broker. Upon inquiry, the security personnel stated that there was no such company, leading to the judgment that it was false.

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

Conclusion

The on-site investigator proceeded to Hong Kong, China as planned to conduct a field visit to the forex broker BPG. At its publicly displayed business address, no information such as the company name of this broker could be seen, indicating that the broker does not have a genuine business premises. Please consider all factors comprehensively before making your choice.

Disclaimer

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