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 characterized by active trading, strong liquidity, 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 PWM in Hong Kong, China as scheduled. According to public information, its office address is 1 Pekin Rd, 10th Fl. Tsim Sha Tsui, 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 traveled to Hong Kong, China, to conduct an on-site verification of the dealer PWM claiming to be located at 1 Pekin Rd, 10th Fl. Tsim Sha Tsui, Kowloon, Hong Kong.

The inspection personnel successfully arrived at the target building, which is located in Tsim Sha Tsui, Kowloon, Hong Kong, surrounded by a strong commercial atmosphere. Upon arrival, the exterior of the building appeared to be in good condition. However, no company signage or related information was found on the exterior of the building.

The surveyor entered the building lobby, explained their purpose to the security personnel, and after communication, obtained permission to enter.

At the entrance of the lobby, you can see the overall directory board, but it only shows some restaurants.

Upon arriving at the target floor (10th floor), the field investigator found no clear signage indicating the office area of PWM. Upon reaching the corresponding floor, only a restaurant was present. Since it was not the office area of PWM, the investigator could not enter the premises, nor could they photograph the reception desk or its logo. Additionally, the floor was not a shared office space.

Through the common areas of the floor, the inspector did not observe the internal office environment of PWM company, and the overall situation does not match its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker PWM 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 operational 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.