Purpose

The Hong Kong, China foreign exchange market is an international financial center that developed after World War II, characterized by a high degree of internationalization, active trading, and sound regulations. As a crucial foreign exchange trading hub in Asia, it attracts numerous globally renowned financial institutions and investors. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker CLOUDDATA in Hong Kong, China as scheduled. According to public information, its office address is Room 809, 8/F, Frank Zim kills Tal Colon Starhouse, 3 Salisbury Road, Tsim Sha Tsui, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the broker claiming to be located at Room 809, 8/F, Frank Zim kills Tal Colon Starhouse, 3 Salisbury Road, Tsim Sha Tsui, Hong Kong CLOUDDATA.

The inspection personnel successfully arrived at the target building, which is located in a bustling area of Hong Kong with a lively surrounding environment and a strong commercial atmosphere. However, no company signage or related information for CLOUDDATA was found on the exterior of the building.

The inspector entered the building lobby and stated their purpose to the security personnel. After a brief registration, they were granted entry permission.

Upon arriving at the target floor (8th floor), the field investigator found that the directory board displayed information for other companies. There were no clear signs or security measures in the CLOUDDATA office area. However, since no relevant information about the company was found, the investigator could not enter the premises. Additionally, it was not possible to photograph the reception area or the logo at the front desk, and the office was not a shared workspace.

Through the common areas of the floor, the on-site inspector was unable to observe the internal environment of the company and other conditions, judging it to be false. The overall situation does not match its claimed positioning.

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

Conclusion

The field investigator visited the forex broker CLOUDDATA in Hong Kong, China as planned. The broker's company name and other information were not visible at the publicly displayed business address, indicating that the broker does not have a genuine operational premises. Investors are advised to make their choices after careful consideration.

Disclaimer

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