Purpose

The Hong Kong foreign exchange market, which developed in the 1970s, is an important international hub for global forex trading. It is characterized by high trading activity, a high degree of market openness, and a diverse range of trading products. 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 HK Excellent Internet Info Tech Development in Hong Kong, China as planned. According to public information, its office address is Office No.12 On 19 Floor, Ho King Commercial Centre, No.2 - 16 Fa Yuen Street, Mongkok, Kowloon, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and visited the Goodview Commercial Centre in Mong Kok, Hong Kong, China, to conduct an on-site verification of the trader HK Excellent Internet Info Tech Development claiming to operate at this address.

The inspection personnel successfully arrived at the Goodview Commercial Center, located at 2-16 Garden Street, Mong Kok, Kowloon. The surrounding area is bustling with a strong commercial atmosphere. However, no company logo or relevant information of the trader was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security guard. After a brief communication, they obtained permission to enter the building. Inside the building, no signage for the company was found.

Upon arriving at the target floor, the 19th floor, the field investigator found that the office area of HK Excellent Internet Info Tech Development had no clear signage or security measures. As there were no signs of the company, the investigator was unable to enter the premises. Additionally, they could not photograph the reception area or its logo, and the office was not a shared workspace.

Through the doorway, the on-site inspectors were unable to observe the internal environment of the company, making it impossible to assess the overall situation. It was determined to be a fraudulent company. Therefore, after the on-site inspection, it was confirmed that the dealer HK Excellent Internet Info Tech Development does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker HK Excellent Internet Info Tech Development in Hong Kong, China as planned, but could not find any information such as the company name 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 used as the final basis for decision-making.