Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed in the 1970s. It is one of the world's important forex trading centers, characterized by active trading, a high degree of market openness, and numerous financial institutions. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team went to Hong Kong, China for field visits.

Process

The on-site inspection team visited the forex broker CompaqFX in Hong Kong, China as planned. According to public information, its office address is 10/F., Tower A, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, traveled to Hong Kong, China according to a well-planned schedule. Based on the aforementioned information, they conducted an on-site visit to the broker CompaqFX.

The inspectors proceeded to the Billion Centre in Kowloon Bay based on the address information to conduct an on-site verification of the broker CompaqFX, which claims to be located at 10/F., Tower A, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong.

The inspectors successfully arrived at the Billion Centre, located at 1 Wang Kwong Road, Kowloon Bay. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company signage or related information for CompaqFX was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security personnel. After brief communication, they were granted permission to enter.

Upon reaching the target floor, the 10th floor, the inspectors found that the office area of CompaqFX had no prominent signage or security measures. Although they could reach the specific floor and confirm the location, they were unable to enter the interior because inquiries at the reception revealed that no such company existed there. Furthermore, they were not allowed to photograph the reception area or its logo. The office was also not a shared workspace.

From the public areas on the floor, the inspectors naturally could not observe the company's internal environment, and overall, could not determine if it matched its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that the broker CompaqFX does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker CompaqFX in Hong Kong, China as planned. At its publicly displayed business address, no information such as the broker's company name could be seen, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the sole basis for final selection.