Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed in the 1970s. As one of the world's important financial centers, the Hong Kong forex market features active trading, sound regulations, and a rich variety of financial 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

In this issue, the on-site inspection team visited the forex broker Asia Pacific in Hong Kong, China as planned. According to public information, its office address is ROOM 8, 11/F, WANG FAI INDUSTRIAL BUILDING, 29 LUK HOP STREET, SAN PO KONG, Kowloon HONG KONG.

A professional and experienced on-site verification team, driven by a sense of mission to strictly vet for investors, proceeded according to a well-planned schedule to Hong Kong, China, to conduct a physical verification of the broker Asia Pacific claiming to be located at ROOM 8, 11/F, WANG FAI INDUSTRIAL BUILDING, 29 LUK HOP STREET, SAN PO KONG, Kowloon HONG KONG.

The verification personnel successfully arrived at Wang Fai Industrial Building, located at 29 Luk Hop Street, San Po Kong, Kowloon. The surrounding environment is relatively ordinary, with a general commercial atmosphere. No signage or related information of the company was found on the exterior of the building.

The verification personnel 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 verification personnel found no prominent signage for Asia Pacific in the office area, nor any security measures. As no information about the company was found, the verification personnel were unable to enter the interior, could not take a photo of the reception area for Asia Pacific, and the office was not a shared workspace.

From the public area, since the company's office space could not be located at all, the verification personnel were unable to observe the internal environment of the company. The overall situation does not match its claimed positioning.

Therefore, after the on-site verification, it was confirmed that broker Asia Pacific does not exist at the aforementioned address.

Conclusion

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