Purpose

The Hong Kong, China foreign exchange market is an international forex market that has developed since the 1970s. As one of the global financial centers, its forex market features active trading, strong liquidity, and strict regulation. 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 Silom in Hong Kong, China as scheduled. According to public information, its office address is Room 88, Floor 7, New East Sun Industrial Building, No.18 Shing Yip Street, Kwun Tong, Kowloon, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Sun Tung Yick Industrial Building at 18 Hing Xing Street, Kwun Tong, Kowloon, Hong Kong, China, to conduct an on-site verification of the trader Silom purportedly located at this address.

The inspection personnel successfully arrived at the New Tung Yick Industrial Building, located on Hing Xing Street in Kwun Tong, Kowloon. The surrounding environment is relatively ordinary, with a general commercial atmosphere. No signage or relevant information of the company was found on the exterior of the building.

The inspector entered the building lobby and informed the security guard of their purpose. After a brief communication, they were granted entry. Inside the building, no signage for the company was found.

Upon arriving at the target floor (7th floor), the field investigator found that the office area of Silom had no clear signage or security measures. Due to the lack of relevant signage guidance, the investigator was unable to enter the interior. Additionally, they could not photograph the reception desk or its logo, and the office was not a shared workspace.

Through the glass door, the on-site inspector was unable to observe the internal environment of the company due to restricted access. Overall, upon arrival, it was confirmed to be the correct address, but no information about the trader was found upon entering the building, leading to the conclusion that it was a false address.

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

Conclusion

The field investigator visited the forex broker Silom at its publicly disclosed business address in Hong Kong, China as planned, but found no information such as the company name of the broker displayed there, 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 decision-making.