Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed after the 1970s. It is one of the world's major foreign exchange trading centers, characterized by active trading, an open market, and a rich variety of financial 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

In this issue, the on-site inspection team visited the foreign exchange broker CGS in Hong Kong, China as planned. According to public information, its office address is Room 1501A1, Wai Tat Commercial Building, 1A-1L Tung Choi Street, Mong Kok, Kowloon.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded according to a meticulous plan to the address at 1A-1L Wai Tat Commercial Building, 1501A1, Tung Choi Street, Mong Kok, Kowloon, Hong Kong, China, to conduct a physical verification of the broker CGS which claimed to be located there.

The inspectors successfully arrived at Wai Tat Commercial Building, located on Tung Choi Street, Mong Kok, Kowloon. The surrounding streets were bustling and lively, with a strong commercial atmosphere. However, no company signage or related information for CGS was found on the exterior of the building.

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

Upon reaching the target floor, the 15th floor, the inspectors found that the directory board inside the building displayed information for other companies at this address. There were no prominent signs for CGS in the office area, nor any security measures. Upon inquiry, the front desk stated that there was no such company. Consequently, the inspectors were unable to enter the interior, could not take photos of the reception area, and noted that the office was not a co-working space.

Through the glass door, the inspectors could not observe the internal environment of the company. The overall situation could not be confirmed as matching its claimed positioning. No information regarding this broker was found. Inquiry with the front desk indicated there was no such company, casting doubt on its authenticity.

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

Conclusion

The on-site investigator visited the forex broker CGS at its publicly displayed business address in Hong Kong, China, as planned, but was unable to see any information such as the broker's company name at that location, 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.