Purpose

The Hong Kong foreign exchange market in China developed into an international forex market after the 1970s. Following the abolition of foreign exchange controls in Hong Kong during the 1970s, a significant influx of international capital occurred, leading to a continuous increase in financial institutions engaged in forex operations. As the market grew increasingly active, it gradually evolved into an international forex hub. To assist investors or practitioners in gaining 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 LR in Hong Kong, China as scheduled. According to public information, its office address is 17F, On Hing Building, 1, On Hing Terrace, 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 LR claiming to be located at 17F, On Hing Building, 1, On Hing Terrace, Hong Kong.

The inspector successfully arrived at On Hing Building and found no LR company logo or related information on the exterior of the building.

The inspector entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter. Inside the building, no signage or information about the company was found.

Upon arriving at the target floor 17F, the field investigator found no visible signage for LR in the office area, nor any security measures. Since the company's office space could not be located in the first place, access to the interior was impossible. As a result, it was not possible to photograph the reception desk or its logo, and the office area was not a shared workspace.

Through the common areas of the floor, the inspector was unable to observe the internal environment of the company, as the company's office space could not be located at all. The overall situation does not match its claimed positioning of having this office address.

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

Conclusion

The on-site investigator visited the forex broker LR 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 opinions are for reference only and should not be used as the sole basis for final decision-making.