Purpose

The Hong Kong, China foreign exchange market developed into an international forex market after the 1970s. Following the abolition of foreign exchange controls in Hong Kong during the 1970s, large inflows of international capital and the increasing number of financial institutions engaged in forex operations led to a more active foreign exchange market, which gradually evolved into an international forex hub. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker Allpeace in Hong Kong, China as scheduled. According to public information, its office address is on the 5th floor of Hong Kong Trade Centre, 161-167 Des Voeux Road Central, 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 Allpeace claiming to be located on the 5th floor of the Hong Kong Trade Centre at 161-167 Des Voeux Road Central, Hong Kong.

The inspection personnel successfully arrived at the Hong Kong Trade Centre, located on Des Voeux Road Central in Hong Kong, surrounded by a bustling environment and a strong commercial atmosphere. However, no signage or relevant information of Allpeace company was found 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. The company's information was not listed on the directory inside the building. Upon inquiring with the security, they were informed that no such company existed.

Upon arriving at the target floor (5th floor), the field investigator found that the office area of Allpeace had no clear signage or security measures. The investigator was unable to enter the interior, nor could they photograph the reception area or its logo. Additionally, this office was not a shared workspace.

Through the common areas of the floor, the inspectors were unable to observe the internal environment of the company, and the overall situation did not match its claimed positioning.

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

Conclusion

The inspection team visited the forex broker's publicly disclosed business address in Hong Kong, China as plannedAllpeace, 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 considered as the final basis for decision-making.