Purpose

The Hong Kong, China foreign exchange market, which developed in the 1970s, is an important global hub for forex trading. It is characterized by active trading, an open market, and strict regulation. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

As scheduled, the on-site inspection team visited the forex broker YDF in Hong Kong, China. According to public information, its office address is Room 502, 5th Floor, Tung Hip Commercial Building, 244-248 Des Voeux Road Central, Sheung Wan, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the dealer YDF claiming to be located at Room 502, 5th Floor, Tung Hip Commercial Building, 244-248 Des Voeux Road Central, Sheung Wan, Hong Kong.

The inspection personnel successfully arrived at the Tung Hip Commercial Building, located on Des Voeux Road Central in Sheung Wan, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or related information for YDF was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter the building. There was no information about the company on the directory inside the building.

However, the security guard informed us that the office was closed for the holiday today and would not allow us to go upstairs. At the same time, they claimed to be unaware of the company and had never heard of its name, which casts doubt on the company's authenticity.

Due to the obstruction by security personnel, the survey team was unable to reach the target floor (5th floor), making it impossible to confirm whether YDF company's office area has clear signage or security measures. They were also unable to enter the interior, photograph the reception area and logo. Additionally, this office is not a shared workspace.

Through the lobby of the building, the inspectors were unable to observe the internal environment of YDF company and other related conditions. Overall, it is impossible to confirm whether its environment aligns with its claimed positioning.

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

Conclusion

The inspection team visited the forex broker YDF at its publicly displayed business address in Hong Kong, China as planned, but found no 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 choices after comprehensive consideration.

Disclaimer

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