Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian dollar market. It boasts a superior geographical location, situated in a crucial time zone for global forex trading, bridging the European and American markets. With flexible trading hours and a diverse range of market participants—including banks, financial institutions, corporations, and individual investors—it has become a key hub. To help investors or professionals gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker Monex Europe in Singapore as planned. According to public information, its office address is 5 Shenton Way UIC Building, #10-01 Singapore 068808.

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

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer Monex Europe claimed to be located at 5 Shenton Way UIC Building, #10-01 Singapore 068808.

The inspection personnel successfully arrived at the UIC Building, which is located in Singapore's financial district with a bustling surrounding environment and a strong commercial atmosphere. No company logo or related information of Monex Europe was found on the exterior of the building.

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

Upon arriving at the target floor (10th floor), the field investigator found that it was a shared office space with no visible signage or security measures for Monex Europe. Due to reasons such as lack of prior appointment, the investigator was unable to enter the premises or photograph the reception area and its logo.

Through the glass door, it was impossible to enter the interior, thus failing to observe the company's internal environment, decoration style, employee activities, and other details. Overall, no office area matching the claimed positioning of Monex Europe was found at this address.

Therefore, after on-site verification, it was confirmed that the dealer Monex Europe does not exist at the above address.

Conclusion

As planned, the on-site investigator visited the forex broker Monex Europe in Singapore. 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 premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the sole basis for final decisions.