Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed in the 1970s. As one of the global financial centers, the Hong Kong forex market is characterized by active trading, strong liquidity, and a diverse range of trading products, holding a significant position in both Asian and 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 Bibgold in Hong Kong, China as scheduled. According to public information, its office address is Room 2501, 25th Floor, Billion Plaza, 8 Pilkem Street, Jordan, 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 trader Bibgold claiming to be located at Room 2501, 25th Floor, Billion Plaza, 8 Pilkem Street, Jordan, Kowloon, Hong Kong.

The inspector successfully arrived at the Paragon Commercial Centre, located in Jordan, Kowloon, Hong Kong, surrounded by a strong commercial atmosphere with bustling and lively streets. No company signage or related information of Bibgold was found on the exterior of the building.

The surveyor entered the building lobby, stated their purpose to the security personnel, and successfully obtained permission to enter.

Upon arriving at the target floor (25th floor), the field investigator found that the office area of Bibgold had no obvious signage. At the directory location, the spot corresponding to 2501 was blank. Proceeding upstairs to check, it was discovered that the area was unoccupied. Since the area was empty, the investigator could not enter the interior, nor could they photograph the reception desk or its logo. Additionally, the office was not a shared workspace.

The on-site inspector observed that the premises were completely empty, which did not align with its claimed status of normal operation. Upon inquiry with the front desk, they were informed that the area was vacant. Consequently, the post-inspection confirmation determined that the dealer Bibgold does not exist at the aforementioned address.

Conclusion

As planned, the field investigator visited the forex broker Bibgold at its publicly displayed business address in Hong Kong, China, 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 used as the final basis for selection.