Purpose

The Singapore foreign exchange market is an international 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, diverse trading products, and stringent financial regulation. 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 Tradesmarter in Singapore as scheduled. According to public information, its office address is 1 Raffles Quay, Singapore 048583.

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 Tradesmarter.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claiming to be located at 1 Raffles Quay, Singapore 048583Tradesmarter.

The field investigator successfully arrived at the target building, which is located in a bustling area of Singapore with a clean surrounding environment and a strong commercial atmosphere. This is one of the most luxurious office buildings in Singapore. The investigator took photos of the building's directory and found that it is occupied entirely by globally renowned companies. However, no company logo or related information for Tradesmarter was found on the exterior of the building.

The surveyor entered the building lobby and, after explaining their purpose to the security guard, obtained permission to enter.

However, upon arriving at the target floor, the surveyor was unable to reach the specific floor where the company is located due to the inability to confirm the exact position. No company signage for Tradesmarter was found within the building. Since the surveyor could not access the company's floor, it was impossible to photograph the reception area or the logo at the front desk. Additionally, the office was not a shared workspace.

Due to the inability to enter the company, the on-site inspectors were informed that they were not allowed inside to assess the internal office environment. Overall, no signs of Tradesmarter operations were observed in this area, which does not align with its claimed positioning.

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

Conclusion

The on-site investigator visited the foreign exchange dealer Tradesmarter in Singapore as planned. The dealer's company name and other information were not found at the publicly displayed business address, indicating that the dealer does not have a genuine operational 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 used as the final basis for selection.