Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s. Since the abolition of foreign exchange controls in Hong Kong in the 1970s, a large influx of international capital has led to the rapid development of the Hong Kong foreign exchange market. Today, it has become one of the world's important foreign exchange trading centers, characterized by flexible trading hours, a rich variety of trading products, and a diverse range of market participants. To help investors or practitioners gain a more comprehensive understanding of foreign exchange brokers in this region, the on-site inspection team traveled to Hong Kong, China for field visits.

Process

In this issue, the on-site inspection team went as planned to Hong Kong, China, to conduct an on-site visit to the forex broker FCG Market. According to publicly available information, its office address is in Hong Kong: Unit 225 - 22, 2/F, Mega Cube, 8 Wang Kwong Road, Kowloon Bay.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, traveled to Hong Kong, China according to a well-planned schedule. Based on the aforementioned information, they conducted a physical visit to the broker FCG Market.

The inspectors proceeded to the target area based on the address information to conduct a physical verification of the broker FCG Market, which claimed to be located at Unit 225 - 22, 2/F, Mega Cube, 8 Wang Kwong Road, Kowloon Bay, Hong Kong.

The inspectors successfully arrived at the target building, located at 8 Wang Kwong Road, Kowloon Bay. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company signage or related information for FCG Market 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. No information about this company was found on the directory board inside the building.

Upon reaching the target floor, the 2nd floor, the inspectors found that the office area of FCG Market had no clear signage and no security measures. As no information about the company was found within the building, the inspectors were unable to enter the interior. Furthermore, they could not photograph the reception area, and the office space was not a shared office.

Through the glass door, and being unable to enter, the inspectors could not observe the internal environment of the company. Upon arrival, it was confirmed to be the correct address, but no information about this broker was found upon entering the building. Inquiries with security indicated that no such company existed. The overall situation did not match its claimed positioning.

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

Conclusion

The on-site inspection team visited the forex broker FCG Market at its publicly displayed business address in Hong Kong, China as planned. The team was unable to see information such as the broker's company name at the address, 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 sole basis for final selection.