Purpose

The Hong Kong foreign exchange market is an important international forex market that developed in the 1970s. With its unique geographical location, free financial policies, and well-developed financial infrastructure, Hong Kong has become one of the active regions for global forex trading, occupying a key position in the Asian foreign exchange market. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the team conducted an on-site visit to Hong Kong.

Process

This quarter, the team visited Hong Kong as planned to conduct a field visit to the forex broker JUNCHENG TRADE LIMITED. According to public information, its office address is FLAT/RM B,5/F GAYLORD COMMERCIAL BUILDING 114-118 LOCKHART ROAD, HONG KONG.

A professional and experienced team, with a sense of mission to strictly vet for investors, followed a meticulous plan and went to Hong Kong, China. They conducted an on-site verification of the broker JUNCHENG TRADE LIMITED claiming to be located at FLAT/RM B,5/F GAYLORD COMMERCIAL BUILDING 114-118 LOCKHART ROAD, HONG KONG.

The team arrived smoothly at Gaylord Commercial Building, located at 114-118 Lockhart Road, surrounded by a bustling environment with a strong commercial atmosphere. However, no company sign or related information of JUNCHENG TRADE LIMITED was found outside the building.

The team entered the lobby of the building and explained their purpose to the security guard. After communication, they obtained permission to enter.

Upon reaching the target floor, the 5th floor, the team found no obvious signage for the JUNCHENG TRADE LIMITED office area, nor any related security measures. The team could not enter the interior, nor could they take photos of the reception desk or its logo, and the office area was not a shared office.

After arriving, it was confirmed that the address was correct, but no information about the broker was found. When asked, the security guard said that no such company existed. Through the corridor on the floor, it was also impossible to observe the interior of the company. Overall, it was determined that the office location claimed by the broker is false. Therefore, after the on-site verification, it was confirmed that broker JUNCHENG TRADE LIMITED does not exist at the above address.

Conclusion

The team visited the forex broker JUNCHENG TRADE LIMITED in Hong Kong, China as planned, but did not see the broker's company name or other information at its publicly displayed business address, indicating that the broker does not have a real place of business. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

The above content and views are for reference only and do not constitute a basis for final selection.