Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed after the 1970s. Since the abolition of foreign exchange controls in Hong Kong in the 1970s, a large amount of international capital has flowed in, the number of financial institutions engaged in foreign exchange business has continuously increased, and the foreign exchange market has become increasingly active, gradually developing into an international foreign exchange market. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site verification team went to Hong Kong, China for an on-site visit.

Process

The on-site inspection team visited the forex broker VIG Investment in Hong Kong, China as planned. According to public information, its office address is Unit 708B, 7/F., Tower 1, Cheung Sha Wan Plaza, 833 Cheung Sha Wan Road, Kowloon Hong Kong.

A professional and experienced site inspection team, driven by a sense of mission to rigorously safeguard investors, proceeded according to a meticulously planned schedule to Hong Kong, China, to conduct an on-site verification of the trader VIG Investment claiming to be located at Unit 708B, 7/F., Tower 1, Cheung Sha Wan Plaza, 833 Cheung Sha Wan Road, Kowloon Hong Kong.

The inspection personnel successfully arrived at Cheung Sha Wan Plaza, located at 833 Cheung Sha Wan Road, Kowloon. The surrounding environment is relatively bustling with a strong commercial atmosphere. However, no company signage or related information for VIG Investment was found on the exterior of the building.

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

Upon reaching the target floor, the 7th floor, the inspection personnel found that the office area had no conspicuous signage for VIG Investment, no security measures, and no information about this trader was discovered. Inquiry with the reception desk informed them that there was no such company. Due to the lack of relevant information, the inspection personnel could not enter the interior, nor could they photograph the reception desk of VIG Investment, and this office area was not a shared office.

Through the glass door, as the interior situation could not be clearly seen, observation of the company's internal environment and other aspects was impossible. The overall situation does not match its claimed positioning.

Therefore, after the site inspection, it was confirmed that the trader VIG Investment does not exist at the aforementioned address.

Conclusion

The on-site inspection team went to Hong Kong, China as planned to conduct a field visit to the forex broker VIG Investment. At its publicly displayed business address, they could not see information such as the broker's company name, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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