Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed after the 1970s. As one of the international financial centers, the Hong Kong foreign exchange market is characterized by active trading, a wide variety of trading products, and a high degree of market openness. With its advantageous geographical location and robust financial system, it holds a significant position in the Asian and even global foreign exchange markets. To help investors or practitioners gain a more comprehensive understanding of foreign exchange 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 YDF in Hong Kong, China as planned. Public information shows its office address is on the 12th and 25th floors of the Chinese Manufacturers' Association Building at 64-66 Connaught Road Central, 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 Chinese Manufacturers' Association Building at 64-66 Connaught Road Central, Central, Hong Kong, China, to conduct an on-site verification of the broker YDF claiming to be located at this address.

The inspector successfully arrived at the Chinese Manufacturers' Association Building, located in the heart of Central, Hong Kong, surrounded by a bustling environment and a strong commercial atmosphere. However, no signage or related information of YDF company was found on the exterior of the building.

The inspector entered the building lobby and explained their purpose to the security personnel. After a brief communication, they obtained permission to enter the building. On the directory inside the building, there was no information about this company.

Since no information about the company was found in the building, the on-site inspector inquired with the security personnel, who confirmed that the company does not exist. As a result, it was impossible to reach the target floors (12th and 25th), and the inspection team could not verify whether the YDF office area had any visible signage. Additionally, they were unable to enter the premises or photograph the reception desk. However, the office area in question was not a shared workspace.

Through the common areas of the floor, the inspectors were unable to observe the internal situation of the company. Overall, it does not match its claimed positioning.

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

Conclusion

The inspection team visited the forex broker YDF at its publicly displayed business address in Hong Kong, China as planned, 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 considered as the final basis for selection.