Purpose

The Hong Kong foreign exchange market in China is an international forex market that developed after World War II. As one of the global financial centers, the Hong Kong forex market is characterized by active trading, a high degree of openness, and strict regulation, holding a significant position in the Asian and even global forex markets. 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 WUBS in Hong Kong, China as scheduled. According to public information, its office address is Unit 2210-2218, 22/F, Tower 1, Millennium City 1, 388 Kwun Tong Road, Kowloon, 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 dealer WUBS claiming to be located at Units 2210-2218, 22/F, Tower 1, Millennium City 1, 388 Kwun Tong Road, Kowloon, Hong Kong.

The inspector successfully arrived at Tower 1 of Millennium City 1, located on Kwun Tong Road in Kowloon, surrounded by a strong commercial atmosphere and bustling streets. However, no company signage or related information for WUBS was found on the exterior of the building.

The surveyor entered the building lobby, explained their purpose to the security personnel, and after a brief communication, obtained permission to enter. The building directory displayed another company's name at this address.

Upon arriving at the target floor (22nd floor), the field investigator found no clear signage for the WUBS office area, nor any related security measures. Since there were no visible signs of the company's presence, entry into the interior was impossible. Additionally, 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 inspectors were also unable to observe the internal environment related to WUBS, concluding it to be false. The overall situation does not match its claimed positioning.

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

Conclusion

The inspection team visited the foreign exchange dealer WUBS at its publicly displayed business address in Hong Kong, China as planned, but did not find any information such as the company name of the dealer, indicating that the dealer 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 selection