Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s. It is one of the world's important foreign exchange trading centers, characterized by active trading, a high degree of market openness, and numerous financial institutions. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Hong Kong, China for field visits.

Process

The on-site inspection team visited the forex broker Basel Markets in Hong Kong, China as planned. According to public information, its office address is Room 1318, Floor 13, Hop Kwai House, Kwai Chung Estate, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded to Hong Kong, China according to a well-planned schedule to conduct a physical verification of the broker Basel Markets which claimed to be located at Room 1318, Floor 13, Hop Kwai House, Kwai Chung Estate, Hong Kong.

The inspectors successfully arrived at Hop Kwai House, Kwai Chung Estate. The location is situated in Kwai Chung, Hong Kong, China, surrounded by a typical residential area environment, quiet and primarily residential in atmosphere, with limited commercial activity. No company signage or related information was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After brief communication, permission to enter the building was granted.

Upon reaching the target floor, the 13th floor, the inspectors found no information about this company on the directory board. There was no clear signage for Basel Markets's office area, nor were there related security measures. As the address is actually a public rental housing estate in Hong Kong, not a commercial office space, the inspectors were unable to enter the so-called company premises. They could not photograph the target company's reception area, and the address was also not a shared office space.

Through the public areas on the floor, the inspectors observed that the floor layout consisted entirely of residential apartments. There were no signs of internal company offices, and the overall environment did not match its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that broker Basel Markets does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker Basel Markets in Hong Kong, China as planned. At its publicly displayed business address, no information such as the company name of this broker could be seen, 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.