Purpose

The Hong Kong foreign exchange market in China developed into an international forex market in the 1970s. As one of the global financial centers, the Hong Kong forex market is highly active, with well-established systems and strict regulations, attracting numerous globally renowned financial institutions and forex brokers to operate here. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an inspection team conducted on-site visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker CANGFX 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 investments for investors, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the dealer CANGFX claiming to be located at the aforementioned specific address.

The inspection personnel successfully arrived at the target building, which is located in a specific area of Hong Kong, China. Although there is no clear description of the surrounding environment, it can be felt that it belongs to a normal commercial area atmosphere. No company logo or related information of CANGFX was found on the exterior of the building.

After entering the building lobby, the surveyor stated their purpose to the security personnel and, following a brief communication, obtained permission to enter. There was no information about the company on the directory inside the building.

Upon arriving at the target floor (11th floor), the field investigator found no clear signage for CANGFX in the office area, nor any related security measures. Since there were no signs of the broker's presence to begin with, there was no situation of entering the premises, and they were unable to photograph the reception desk or its logo. Additionally, the location was not a shared office space.

Through the common areas of the floor, as access to the so-called office area was not possible, the internal environment of the company could not be observed. Overall, the address did not present an office scene as claimed by CANGFX.

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

Conclusion

The on-site investigator visited the forex broker CANGFX 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.