Purpose

The foreign exchange market in Hong Kong, China developed into an international forex market in the 1970s. As one of the international financial centers, the Hong Kong forex market features active trading, strong liquidity, and a rich variety of trading products. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Hong Kong, China.

Process

This time, the on-site inspection team went as planned to Hong Kong, China to conduct an on-site visit to forex broker GUO TAI. According to public information, its office address is ROOM B, 19/F., KAM CHUNG COMMERCIAL BUILDING, 19 - 21 HENNESSY ROAD, WANCHAI HONG KONG, 0000 HK.

A professional and experienced on-site verification team, driven by a sense of mission to strictly safeguard investors, followed a meticulous plan and traveled to Hong Kong, China, to conduct a physical inspection of the broker GUO TAI, which claims to be located at ROOM B, 19/F., KAM CHUNG COMMERCIAL BUILDING, 19 - 21 HENNESSY ROAD, WANCHAI HONG KONG, 0000 HK.

The verification personnel successfully arrived at KAM CHUNG COMMERCIAL BUILDING, located at 19-21 Hennessy Road, Wan Chai, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. No signs or related information of the company were found on the exterior of the building.

The verification personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter. The directory board inside the building showed information for other companies at this address.

Upon reaching the target floor, the 19th floor, the verification personnel found that the office area had no clear signage or security measures for GUO TAI. It was confirmed that the 19th floor was actually occupied by other unrelated companies. Since there was no office space for this broker on this floor, the verification personnel could not enter the so-called company interior, nor could they photograph the reception area or logo of GUO TAI. Furthermore, this office area was not a shared office space.

As entry was not possible, the verification personnel could not observe the internal environment of the company through the glass door. No information related to this broker was found, raising doubts about its authenticity.

Therefore, after the on-site verification, it was confirmed that the broker GUO TAI does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker GUO TAI at its publicly displayed business address in Hong Kong, China as planned, but was unable to see the broker's company name or other information at the location, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.