Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed in the 1970s. With its advantageous geographical location, robust financial system, and open policy environment, it has become one of Asia's important forex trading centers. 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 SIMPOO in Hong Kong, China as scheduled. According to public information, its office address is Room 902, 9/F, Cheong K Building, 84-86 Des Voeux Rd Central, Central, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and visited Cheung Kee Building at 84-86 Des Voeux Road Central, Central, Hong Kong, China, to conduct an on-site verification of the dealer SIMPOO allegedly located in Unit 902, 9th Floor at the said address.

The inspection personnel successfully arrived at Cheung Kei Building, located on Des Voeux Road Central in Hong Kong's Central district. The surrounding area is bustling with a strong commercial atmosphere. However, no company logo or relevant information of the broker SIMPOO was found on the exterior of the building.

The inspector entered the building lobby and explained their purpose to the security personnel. After a brief communication, they obtained permission to enter the building. However, the company's information was not listed on the directory inside the building.

Upon arriving at the target floor (9th floor), the field investigator found no clear signage for SIMPOO in the office area, nor any relevant security measures. Since the company's office location could not be identified at all, the investigator was unable to enter the premises, take photos of the reception area or its logo, and confirmed that this floor was not a shared office space.

Through the common areas of the floor, the inspector did not observe any internal company environment related to SIMPOO. The overall situation does not match its claimed positioning.

Therefore, after on-site verification, it was confirmed that the dealer SIMPOO does not exist at the above address.

Conclusion

The inspection team visited the forex broker SIMPOO at its publicly displayed business address in Hong Kong, China as planned, but found no 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 choices after comprehensive consideration.

Disclaimer

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