Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed in the 1970s. As one of the international financial centers, the Hong Kong foreign exchange market is characterized by active trading, numerous participants, and a rich variety of trading products. It has a profound historical background and occupies an important position in Asian and even global foreign exchange trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team went to Hong Kong, China for a field visit.

Process

This time, the on-site inspection team went to Hong Kong, China as planned to conduct an on-site visit to the forex broker AFMCG. According to public information, its office address is "Room 9, 4F, Beverley, Commercial Centre, 87 - 105 Chatham Road South, TSIM SHA TSUI, KOWLOON, HONG KONG".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded according to a well-planned schedule to the target area in Tsim Sha Tsui, Hong Kong, China, to conduct a physical verification of the broker AFMCG which claims to be located at the aforementioned specific address.

The inspectors successfully arrived at the Beverly Commercial Centre, located at 87-105 Chatham Road South, Tsim Sha Tsui, Kowloon. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or relevant information for AFMCG was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security personnel. After communication, they obtained permission to enter. The directory inside the building displayed information for other companies at this address.

Upon reaching the target floor, the 4th floor, the inspectors found that the office area for AFMCG had no clear signage and no security measures. However, as there were no signs of the company's presence, the inspectors were unable to enter the interior. Furthermore, they could not photograph the reception area; this office was not a shared workspace.

Looking through the glass door, as no area related to AFMCG was visible, it was impossible to observe the so-called internal company environment and other conditions. Overall, this location does not match its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker AFMCG in Hong Kong, China as planned. At the publicly displayed business address, no information such as the broker's company name could be seen, 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.