Purpose

The Hong Kong foreign exchange market is an international foreign exchange market that developed in the 1970s. It is one of the important hubs for global foreign exchange trading, characterized by active trading, high market openness, and numerous financial institutions. 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.

Process

The on-site inspection team visited the forex broker INSUN in Hong Kong, China as planned. According to publicly available information, its office address is ROOM01,21/F,PROSPER COMMERCIAL BLDG, 9 YIN CHOONG ST,KOWLOON HONG KONG, 999077 HK.

A professional and experienced site inspection team, driven by a sense of mission to rigorously vet for investors, followed a meticulously planned itinerary and traveled to Hong Kong, China to conduct an on-site verification of the trader INSUN claiming to be located at ROOM01,21/F,PROSPER COMMERCIAL BLDG, 9 YIN CHOONG ST,KOWLOON HONG KONG, 999077 HK.

The inspection personnel successfully arrived at the target building, which is located on Yin Choong Street in Kowloon, Hong Kong. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no signage or related information for the company INSUN was found on the exterior of the building.

The inspection personnel entered the building lobby and explained their purpose to the security guard. After brief communication, permission to enter the building was granted.

Upon reaching the target floor, the 21st floor, the inspection personnel found that the directory board did not contain information about this company, and there were no prominent signage or security measures for the company INSUN in the office area. Since no signs related to the company were discovered, the inspection personnel were unable to enter the company's interior. Additionally, they could not photograph the reception area of INSUN, and the office was not a shared workspace.

Through the doorway, as entry was impossible, the inspection personnel could not observe the internal environment of the company and found no information about this trader. Inquiry with the security guard revealed that there was no such company, leading to the judgment that it was false.

Therefore, after the site inspection, it was confirmed that the trader INSUN does not exist at the aforementioned address.

Conclusion

The inspection team visited the forex broker INSUN at its publicly displayed business address in Hong Kong, China as scheduled, but was unable to see any information such as the broker's company name at the location, 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.