Purpose

The Hong Kong, China foreign exchange market is an international forex market that has developed since the 1970s. Leveraging its advantageous geographical location, open financial policies, and mature financial system, it has become one of the important foreign exchange trading hubs in Asia and occupies a significant position in the global foreign exchange market. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the team conducted on-site visits in Hong Kong, China.

Process

This week, the team went to Hong Kong, China as planned to conduct an on-site visit of forex brokersGalaxy Group. According to publicly available information, their office address is Room C, 9th Floor, Tai Cheong Factory Building, 3 Wing Ming Street, Cheung Sha Wan, Kowloon.

A professional and experienced team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Hong Kong, China, to conduct a physical verification of the trader Galaxy Group claiming to be located at Room C, 9th Floor, Tai Cheong Factory Building, 3 Wing Ming Street, Cheung Sha Wan, Kowloon.

The team successfully arrived at Tai Cheong Factory Building, located in Cheung Sha Wan, Kowloon. The surrounding environment is relatively ordinary, with a general commercial atmosphere. No company signage or related information for Galaxy Group was found on the exterior of the building.

The team entered the building lobby and explained their purpose to the security guard. After brief communication, permission to enter was granted. The directory board inside the building displayed information for other companies at this address.

Upon reaching the target floor, the 9th floor, the team found no prominent signage or security measures for Galaxy Group in the office area. Although they could reach the specific floor and confirm the location, due to the complete absence of any signs of the company, they could not enter the interior. They also could not photograph Galaxy Group's reception desk, and the office was not a shared office.

Through the public areas on the floor, the team could not observe the internal environment of the so-called company. The overall situation did not align with its claimed positioning as having an office location, and no information about this trader was found. Upon inquiry, the security guard stated that there was no such company, leading to the judgment that it is false.

Therefore, after the site inspection, it was confirmed that the trader Galaxy Group does not exist at the aforementioned address.

Conclusion

The team visited Hong Kong, China as planned to conduct on-site inspections of forex brokersGalaxy Group. At the publicly displayed business addresses, they could not find information such as the company name of the broker, indicating that the broker does not have a genuine business premises. Investors should 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.