Purpose

The Hong Kong, China foreign exchange market, which developed in the 1970s, is an important global hub for forex trading. It is characterized by active trading, a high degree of market openness, and a large number of financial institutions. 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 Sinofortune in Hong Kong, China as planned. According to public information, its office address is Room 6701 and 6708, Central Plaza, 18 Harbour Road, Wan Chai, 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 trader claiming to be located at Units 6701 and 6708, Central Plaza, 18 Harbour Road, Wan Chai, Hong KongSinofortune.

The inspector successfully arrived at Central Plaza, located at Harbour Road, Wan Chai, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. No signage or relevant information of the company was found on the exterior of the building.

The surveyor entered the building lobby and stated their purpose to the security personnel. After communication, they obtained permission to enter.

However, when attempting to reach the target floor, the 67th floor, the field investigator failed to find any clear signage indicating the office area of Sinofortune company. Unable to confirm the exact location, the investigator could not enter the premises. Additionally, they were unable to photograph the reception area or its logo, and the office was not a shared workspace.

The internal environment of the company cannot be observed through the public areas of the building. Upon arrival, the address was confirmed, but no such company was found upon going upstairs, leading to the conclusion that it is fictitious. Therefore, after on-site verification, it was confirmed that the broker Sinofortune does not exist at the aforementioned address.

Conclusion

The inspection team visited the forex broker Sinofortune at its publicly displayed business address in Hong Kong, China as planned, but found no information such as the company name of the broker, 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 opinions are for reference only and should not be considered as the final basis for selection.