Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed in the 1970s. Leveraging its advantageous geographical location, robust financial infrastructure, and open policy environment, it has become one of Asia's key forex trading hubs. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker MGCCKJ in Hong Kong, China as planned. According to public information, its office address is "ROOM 32, 11/F, LEE KA INDUSTRIAL BUILDING, 8 NG FONG STREET, SAN PO KONG, KL, HONG KONG".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to the target area in Hong Kong, China, to conduct an on-site verification of the trader MGCCKJ claiming to be located at the aforementioned address.

The inspection personnel successfully arrived at Lee's Industrial Building, located in San Po Kong, Hong Kong. The surrounding environment is relatively ordinary, with a mediocre commercial atmosphere. No signage or relevant information of the company was found on the exterior of the building.

The inspector entered the building lobby and explained their purpose to the security personnel. After a brief communication, they obtained permission to enter the building. On the directory inside the building, there was no information about this company.

Upon arriving at the target floor (11th floor), the field investigator found no clear signage for MGCCKJ's office area, nor any security measures. As there was no trace of the company, the investigator could not access the so-called interior. Additionally, it was not possible to photograph the reception desk or its logo, and the space was not a shared office.

Through the common areas of the floor, since no corresponding office space was found, it was impossible to observe the internal environment of the company, leading to the conclusion that it was false. Therefore, after the on-site verification, it was confirmed that the broker MGCCKJ does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker MGCCKJ in Hong Kong, China as planned. The broker's company name and other information were not found at the publicly displayed business address, 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 considered as the final basis for selection.