Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that has developed since the 1970s. As one of the important international financial centers, the Hong Kong foreign exchange market is characterized by active trading, strong liquidity, and a rich variety of financial products. Relying on its superior geographical location, sound financial system, and well-established regulatory framework, it has attracted the participation of numerous international financial institutions and investors. 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

The on-site inspection team visited the forex broker WANJIN in Hong Kong, China as planned. According to public information, its office address is Room P, 10th Floor, Phase 3, Triumph Industrial Centre, 9-11 Hok Yuen Street, Hung Hom, Kowloon, Hong Kong.

A professional and experienced on-site verification team, driven by a sense of mission to strictly vet for investors, traveled to Hong Kong, China according to a well-planned schedule to conduct a physical verification of the broker WANJIN, which claims to be located at Room P, 10th Floor, Phase 3, Triumph Industrial Centre, 9-11 Hok Yuen Street, Hung Hom, Kowloon, Hong Kong.

The verification personnel successfully arrived at Phase 3 of Triumph Industrial Centre, located on Hok Yuen Street, Hung Hom, Kowloon, Hong Kong. The surrounding street environment is relatively ordinary, and the commercial atmosphere is average. No company signage or related information of the broker was found on the exterior of the building.

The verification personnel entered the building lobby and stated their purpose to the security guard. After a brief communication, permission to enter the building was obtained. The directory board inside the building showed information for other companies at this address.

Upon reaching the target floor, the 10th floor, the verification personnel found no clear signage indicating the office area of WANJIN, nor any related security measures. Inquiries revealed that this company is not located on this floor, preventing the verification personnel from entering the so-called company interior. Furthermore, they could not photograph a reception area, and the floor was not a co-working space.

Through the public areas of the floor, the verification personnel naturally could not observe the company's internal environment and found no information whatsoever about the broker. Inquiries with security confirmed that this company does not exist. The overall situation does not match its claimed positioning.

Therefore, after the on-site verification, it is confirmed that broker WANJIN does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker's WANJIN in Hong Kong, China as planned. At the publicly displayed business address, they were 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 choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.