Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed after the 1970s. Since Hong Kong abolished foreign exchange controls in 1973, international capital has flowed in massively, financial institutions engaging in foreign exchange business have continuously increased, the forex market has become increasingly active, and it has gradually developed into an international forex market. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team went to Hong Kong, China for on-the-ground visits.

Process

As planned, the on-site inspection team visited the forex broker BL in Hong Kong, China. According to public information, its office address is 10/F, OFFICE TOWER TWO, GRAND PLAZA, 625&639 KOWLOON, HK.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded to Hong Kong, China according to a meticulous plan to conduct a physical verification of the broker BL, which claims to be located at 10/F, OFFICE TOWER TWO, GRAND PLAZA,625&639 KOWLOON, HK.

The inspectors successfully arrived at the target building, which is located in Kowloon with a strong surrounding commercial atmosphere. However, no signage or relevant information for broker BL was found on the exterior of the building.

The inspectors entered the building lobby, stated their purpose to the security personnel, and after brief communication, obtained permission to enter. Upon inquiring at the reception desk, the receptionist indicated that there was no such company.

Upon reaching the target floor, the 10th floor, the inspectors found no prominent signage for broker BL in the office area. As no signs of the company's existence were found, the inspectors were unable to enter the so-called internal area and could not photograph the reception desk. This office area was not a shared office space.

Through the public areas on the floor, the inspectors were unable to observe the internal environment or other conditions related to this broker. The overall situation did not match its claimed positioning.

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

Conclusion

The on-site inspection team visited the publicly displayed business address of forex broker BL in Hong Kong, China as planned, but could not find any information such as the company name of the broker, 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 opinions are for reference only and should not be used as the final basis for selection.