Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian dollar market. As one of the world's major forex trading hubs, it attracts numerous international financial institutions and investors due to its strategic geographical location, stable political environment, and advanced financial infrastructure. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker Finohubglobal in Singapore as planned. According to public information, its office address is Basil Alcove, 190 Middle Rd #01-12 Fortune Centre Singapore 188979, Singapore.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, traveled to Singapore according to a well-planned schedule. Based on the aforementioned information, they conducted an on-site visit to the dealer Finohubglobal.

The on-site inspector proceeded to Fortune Centre based on the address information to conduct a physical verification of the trader Finohubglobal who claimed to be located at Basil Alcove, 190 Middle Rd #01-12 Fortune Centre Singapore 188979, Singapore.

The inspection personnel successfully arrived at Fortune Centre, which is located in a bustling area of Singapore's city center with a lively surrounding environment and strong commercial atmosphere. However, no company signage or related information for Finohubglobal was found on the exterior of the building.

The surveyor can directly enter the building lobby.

Since it was impossible to reach the specific floor to confirm the exact location, we could only check the situation at the corresponding doorplate. Upon arriving at the claimed #01 - 12 location, no clear signage for Finohubglobal's office area was found. The actual situation is that this is a rice noodle shop, not the office of the forex trader. There are no security measures in place, nor is it a shared office space, and it was impossible to photograph the reception desk or its logo.

Therefore, after on-site verification, it has been confirmed that the dealer Finohubglobal does not exist at the above address.

Conclusion

The on-site inspection team visited the forex broker Finohubglobal in Singapore as planned. However, they found no information such as the company name at the publicly displayed business address, indicating that the broker does not have a genuine operational location. Investors are advised to make their choices after careful consideration.

Disclaimer

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