Purpose

The Hong Kong foreign exchange market in China developed into an international forex market after the 1970s. As one of the key global financial hubs, the Hong Kong forex market is highly active and liquid, maintaining close connections with the global forex markets. To assist investors or practitioners in gaining 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 KATOPRIME in Hong Kong, China as planned. According to public information, its office address is Flat 7, 15/F, Ho King Commercial Centre, 2-16 Fa Yuen Street, Mong Kok, 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 trader KATOPRIME purportedly located at Flat 7 15/F Ho King Commercial Centre, 2 - 16 FA Yuen Street, Mong Kok, Kowloon, Hong Kong.

The inspector successfully arrived at the building where the address is located. The site is situated in the bustling downtown area of Mong Kok, within an old building unit. The surrounding environment is lively with a strong commercial atmosphere, but no company signage or related information for KATOPRIME was found on the exterior of the building.

The inspector entered the building lobby, explained their purpose to the security personnel, and after a brief communication, obtained permission to enter. Inside the building, no signage for the company was found.

Upon arriving at the target floor (15th floor), the field investigator found no clear signage for the KATOPRIME office area and no security measures in place. Since there was no information related to the trading company in the office area, the investigator could not enter the premises, nor could they photograph the reception desk or its logo. Additionally, this office was not a shared workspace.

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

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

Conclusion

The on-site investigator visited the forex broker KATOPRIME in Hong Kong, China as planned. The broker's company name and other information were not found 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 taken as the final basis for decision-making.