Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s. As one of the world's important financial centers, the Hong Kong foreign exchange market is characterized by active trading, strong liquidity, and strict regulation. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker CFB in Hong Kong, China as planned. According to public information, its office address is Room 1701, 17th Floor, Tower 1, Silvercord, No. 30 Canton Road, Tsim Sha Tsui, Kowloon.

A professional and experienced on-site verification team, driven by a sense of mission to strictly vet for investors, proceeded according to a meticulous plan to Hong Kong, China, to conduct a physical verification of the dealer CFB which claims to be located at Unit 1701, 17th Floor, Tower 1, Silvercord, No. 30 Canton Road, Tsim Sha Tsui, Kowloon.

The verification personnel successfully arrived at Tower 1 of Silvercord, located on Canton Road, Tsim Sha Tsui, Kowloon. The surrounding area is bustling with a strong commercial atmosphere. No company signage or related information for CFB was found on the exterior of the building.

The verification personnel entered the building lobby and stated their purpose to the security guard. After communication, they were granted entry permission.

Upon reaching the target floor, the 17th floor, the verification personnel found that the directory board contained no information for this company, and the office area showed no clear signage or security measures for CFB. As no information about the company was found, the verification personnel were unable to enter the interior. They could not photograph the reception area or logo of CFB. The office was not a shared office space.

Through the glass door, the verification personnel could not observe the internal environment of the company. The overall situation could not be assessed to determine if it matched its claimed positioning. No information about this dealer was found. Inquiry with the security guard revealed that no such company exists, leading to the judgment that it is false.

Therefore, after the on-site verification, it was confirmed that dealer CFB does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the forex broker's publicly displayed business address in Hong Kong, China as planned, but was unable to see any information such as the broker's company name at the location, indicating that the broker does not have a genuine physical 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 selection.