Purpose

The Hong Kong 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 flexible trading hours and a rich variety of trading instruments. 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.

Process

The on-site inspection team visited the forex broker Beraring in Hong Kong, China as planned. According to publicly available information, its office address is OFFICE 5,13/F WEALTH COMMERCIAL CENTRE 48 KWONG WA STREET MONG KOK KOWLOON HONG KONG.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded according to a well-planned schedule to Hong Kong, China, to conduct a physical verification of the broker Beraring claiming to be located at OFFICE 5,13/F WEALTH COMMERCIAL CENTRE 48 KWONG WA STREET MONG KOK KOWLOON HONG KONG.

The inspectors successfully arrived at Wealth Commercial Centre, located at 48 Kwong Wa Street, Mong Kok, Kowloon, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. However, no signage or relevant information of the company was found on the exterior of the building.

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

Upon reaching the target floor, the 13th floor, the inspectors found that the directory listed information for other companies at this address. There were no clear signs of Beraring in the office area, and no information about this broker was found. Inquiries with the receptionist indicated that this company does not exist, leading to the judgment that it is false. As there were no signs of the company, the inspectors could not enter the premises, nor could they photograph the reception area. The office was not a shared workspace.

Even through the doors, the interior of the company could not be observed. The overall situation did not match its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker Beraring in Hong Kong, China as planned. At its publicly displayed business address, no information such as the broker's company name was visible, 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 final basis for selection.