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 the world's fourth-largest forex trading center, it features flexible trading hours and a diverse range of trading products. 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

The on-site inspection team visited the forex broker JYP500 in Singapore as planned. According to public information, its office address is 63 Market St, #22-00, 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 broker JYP500.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader JYP500 claimed to be located at 63 Market St, #22-00, Singapore.

The inspection personnel successfully arrived at the target building, which is the Singapore Bank building located in a bustling commercial area with a vibrant surrounding environment and a strong business atmosphere. However, no company logo or related information of JYP500 was found on the exterior of the building.

The inspector entered the lobby of the building and explained their purpose to the security personnel. After communication, they were not granted permission to go upstairs due to lack of authorization. In the lobby, they saw the reception desk of Singapore Bank, and there was no JYP500 directory board in the building.

Since it is impossible to reach the target floor (22nd floor), the specific location of JYP500 cannot be confirmed, nor can one enter the company's interior. Additionally, it is not possible to photograph the reception area or the logo at the front desk. This office space is not a shared workspace. From the lobby area, without access to the company's interior, it is also impossible to observe the internal environment, decor style, employee activities, and other details.

Therefore, after on-site verification, it was confirmed that the broker JYP500 does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker JYP500 in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker does not have a genuine business location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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