Purpose

The Hong Kong foreign exchange market in China is an international forex market that developed 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. With its advantageous geographical location, robust financial system, and sound regulatory framework, it holds a significant position in the global forex market. 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 GCGMarkets in Hong Kong, China as scheduled. According to public information, its office address is "Office 5, 8/F, Mega Cube, 8 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, followed a meticulous plan to visit the target area in Kowloon Bay, Hong Kong, China, to conduct an on-site verification of the broker GCGMarkets claimed to be located at the aforementioned address.

The inspection personnel successfully arrived at the target building, Mega Cube, located at No. 8 Hung Kwong Road, Kowloon Bay. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company signage or related information for GCGMarkets was found on the exterior of the building.

The inspector entered the building lobby and explained their purpose to the security personnel. After a brief communication, they obtained permission to enter the building. The directory inside the building indicated that this address did not correspond to the company's information.

Upon arriving at the target floor (8th floor), the field investigator found no clear signage for GCGMarkets office area, nor any related security measures.

As no information about the company was found in the building, the inspection personnel were unable to enter the company's premises. Additionally, they could not photograph the reception area or its logo, and the office space was not a shared workspace.

The on-site inspector attempted to observe the interior of the company through the glass door but was unable to enter, thus failing to see the internal office environment. The overall situation could not be determined to match its claimed positioning. It was ultimately confirmed that the broker GCGMarkets does not exist at the aforementioned address.

Conclusion

The inspection team visited the forex broker GCGMarkets 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 views are for reference only and should not be used as the final basis for selection.