Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s. As one of the international financial centers, Hong Kong's foreign exchange market is characterized by 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, China.

Process

This issue, as planned, went to Hong Kong, China for an on-site visit to the forex broker VMGFX. According to public information, its office address is "Office 5, 8/F, Mega Cube, 8 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong".

A professional and experienced team, driven by a sense of mission to rigorously vet for investors, followed a meticulous plan and traveled to Hong Kong, China, to conduct an on-site verification of the broker VMGFX that claims to be located at "Office 5, 8/F, Mega Cube, 8 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong".

Successfully arrived at the target building, which is located at 8 Wang Kwong Road, Kowloon Bay. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company signage or related information for VMGFX was found on the exterior of the building.

After entering the building lobby, the purpose of the visit was stated to the security guard. Following brief communication, permission to enter was granted. The directory board inside the building showed information for other companies at this address.

Upon reaching the target floor, the 8th floor, it was found that the office area had no clear signage for VMGFX and no security measures. As no information about the company was found, entry into the interior was not possible. Furthermore, it was not possible to photograph the reception desk or logo of VMGFX, and the office was not a shared workspace.

Looking through the doorway, as entry was not possible, the internal environment of the company and other conditions could not be observed, and no information about this broker was discovered. Upon inquiry with the security guard, it was stated that no such company exists, leading to the judgment that it is false. Therefore, after the on-site inspection, it was confirmed that broker VMGFX does not exist at the aforementioned address.

Conclusion

According to the plan, we visited the forex broker's physical location in Hong Kong, ChinaVMGFX. At its publicly displayed business address, we were unable to see any information such as the broker's company name, indicating that the broker does not have a genuine business premises. Please consider this comprehensively when making your investment choice.

Disclaimer

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