Purpose

The Hong Kong, China foreign exchange market, which has developed since the 1970s, has become one of Asia's important forex trading hubs due to its advantageous geographical location, open financial policies, and mature financial system. 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 First Ratio Limited in Hong Kong, China as planned. According to public information, its office address is "11th Floor, Room 32, Lee Ka Industrial Building, 8 Wu Fong Street, San Po Kong, Kowloon, Hong Kong".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the dealer First Ratio Limited claiming to be located at the aforementioned address.

The inspector successfully arrived at Lee Ka Industrial Building, located at 8 Ng Fong Street, San Po Kong, Kowloon. The surrounding area has an old industrial district atmosphere with a mediocre commercial vibe. This is a very old industrial building, and no company signage or related information was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After a brief communication, they were granted entry. There was no information about the company on the directory inside the building.

Upon arriving at the target floor (11th floor), the field investigator found no clear signage for First Ratio Limited in the office area. Due to the lack of any relevant information, the investigator was unable to enter the so-called company premises, failed to photograph the reception area or its logo, and noted that this floor was not a shared office space.

Through the floor passage, the inspectors were unable to observe any internal conditions of the company. Overall, it was determined to be false.

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

Conclusion

The inspection team visited the forex broker First Ratio Limited 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 used as the final basis for decision-making.