Purpose

The Hong Kong foreign exchange market in China developed into an international forex market in the 1970s. As one of the global financial hubs, the Hong Kong forex market is highly active, well-regulated, and characterized by openness and liquidity. To help investors or practitioners gain 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 PBA in Hong Kong, China as planned. According to public information, its office address is 26 Nathan Rd, 11th fl, Tsim Sha Tsui, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the dealer PBA claiming to be located at 26 Nathan Rd, 11th fl, Tsim Sha Tsui, Hong Kong.

The field investigator successfully arrived at the target building, which is located in the bustling area of Tsim Sha Tsui with a lively surrounding environment and strong commercial atmosphere. However, no signage or relevant information of PBA company was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After a brief communication, they obtained permission to enter the building. On the directory inside the building, there was no information about this company.

Although access to the building lobby was possible, the process of reaching the target floor was not smooth, and we failed to arrive at the 11th floor or confirm the exact location. No signage for PBA company was found inside the building, nor was the corresponding logo visible. Since the target floor could not be reached, it was impossible to determine whether PBA's office area had clear markings or security measures, nor was entry possible. Naturally, we were also unable to photograph the reception desk or its logo, and the office location was not a shared workspace.

Through the lobby area, it was impossible to observe the internal environment of the company as access to the target floor was restricted. Upon arrival, the address was confirmed, but no information about the broker was found inside, leading to the conclusion that it was fake. Therefore, after the on-site inspection, it was confirmed that the broker PBA does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker PBA in Hong Kong, China as planned, but found no information such as the company name at the publicly displayed business address, indicating that the broker does not have a genuine operational location. 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 decision-making.