Purpose

The Hong Kong, China foreign exchange market is an international forex market that has developed since the 1970s. As an important international financial center, its forex market is characterized by active trading, strong liquidity, and a rich variety of trading products. 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 for this issue went to Hong Kong, China as planned to conduct a field visit to the forex broker NARDO. According to public information, its office address is Room 32, 11/F, Lee Ka Industrial Building, 8 Ng Fong Street.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, followed a meticulous plan and traveled to Hong Kong, China, to conduct a physical verification of the broker NARDO that claimed to be located at Room 32, 11/F, Lee Ka Industrial Building, 8 Ng Fong Street.

The inspectors successfully arrived at Lee Ka Industrial Building, located at 8 Ng Fong Street. The surrounding environment showed no commercial atmosphere related to this broker. No company signage or relevant information was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter. No information about this company was found on the directory board inside the building.

Upon reaching the target floor, the 11th floor, the inspectors found that the office area of NARDO had no clear signage or security measures. As no trace of the company was found, the inspectors could not enter the interior, were unable to photograph the reception area, and the office was not a shared workspace.

From the public areas on the floor, the inspectors could not observe the company's internal environment or other conditions. Upon arrival, it was confirmed to be the correct address, but no information about this broker was found. Inquiry with security personnel revealed that there was no such company, leading to the judgment that it was false.

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

Conclusion

The on-site investigator visited the forex broker NARDO at its publicly displayed business address in Hong Kong, China as planned, but was unable to see any information such as the company name of the broker, 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.