Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian dollar market. Leveraging its strategic geographical location, robust financial infrastructure, and open financial policies, it quickly became one of the world's key forex trading hubs. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Singapore.

Process

As scheduled, the on-site inspection team visited the forex broker Alphadextrading in Singapore. According to public information, its office address is 149110, Collyer Quay, #26-01, Ocean Financial Centre, SINGAPORE 049315.

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 Alphadextrading.

The field investigator proceeded to Ocean Financial Centre based on the address information to conduct an on-site verification of the dealer Alphadextrading purportedly located at 149110, Collyer Quay, #26-01, Ocean Financial Centre, SINGAPORE 049315.

The inspection personnel successfully arrived at Ocean Financial Centre, located in a bustling area of Singapore with a clean surrounding environment and a strong commercial atmosphere. It is one of the most luxurious office buildings in Singapore. However, no signage or relevant information about the company was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter.

However, there was no information related to Alphadextrading on the building's directory, nor any floor details. Due to the lack of floor guidance and other reasons, the field investigator was unable to reach the specific floor and confirm the exact location. Consequently, they could not enter the company's premises, take photos of the reception area or its logo, and it was noted that the office is not a shared workspace.

Due to restrictions on entering the company premises, it was not possible to observe the internal office environment. The overall situation does not align with the claimed positioning that might exist.

Therefore, after on-site verification, it is confirmed that the dealer Alphadextrading does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Alphadextrading in Singapore as planned. However, no information such as the company name of the broker was found 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 comprehensive consideration.

Disclaimer

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