Purpose

The Hong Kong, China foreign exchange market developed into an international forex market after the 1970s. As one of the global financial centers, Hong Kong's forex market is highly active, open, and liquid. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an inspection team conducted on-site visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker Yskcfhk in Hong Kong, China as scheduled. According to public information, its office address is on the 16th floor of Dinna Building, 11 Duddell Street, 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 visited the Dinah Tower at 11 Duddell Street, Central, Hong Kong, China, to conduct an on-site verification of the dealer Yskcfhk claiming to operate at this address.

The inspection personnel successfully arrived at the Dina Building, located in the bustling area of Central, Hong Kong, with a vibrant surrounding environment and a strong commercial atmosphere. No company signage or related information 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. No signage or information about the company was found inside the building.

Upon arriving at the target floor (16th floor), the field investigator found that the office area of Yskcfhk had no clear signage or security measures. As no information about the broker was found, the investigator was unable to enter the premises. It was not possible to photograph the reception area or its logo, and the office was not a shared workspace.

Through the common areas of the floor, the inspector was unable to observe the internal situation of the company, and the overall condition did not match its claimed positioning. Upon arrival, no information about the broker was found, leading to the conclusion that it was fraudulent.

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

Conclusion

The on-site investigator visited the forex broker Yskcfhk in Hong Kong, China as planned, but could not find any information such as the company name at the publicly displayed business address, 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.