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 features flexible trading hours, a diverse range of trading products, and a variety of market participants. 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 PrimeX Options in Singapore as scheduled. According to public information, its office address is 10 Collyer Quay, Singapore 049315.

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

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 10 Collyer Quay, Singapore 049315 PrimeX Options.

The inspection personnel successfully arrived at the Gaode Building, which is located in Singapore's most prestigious office district, surrounded by a bustling environment and a strong commercial atmosphere. The building's exterior allows for clear signage to be photographed, but no relevant information about PrimeX Options company was found on the signage.

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

Due to the inability to determine the specific floor, the on-site inspector could not reach the office floor claimed by the broker. Consequently, it was impossible to verify whether the office area of PrimeX Options had clear signage or security measures. Since the specific floor could not be accessed, the inspector was unable to enter the premises, take photos of the reception area or its logo, and the office location was not a shared workspace.

Since access to the interior is not possible, it is not feasible to observe the company's internal environment, decoration style, employee activities, and other related aspects.

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

Conclusion

As planned, the field investigator visited the forex broker PrimeX Options at its publicly displayed business address in Singapore. However, no information such as the company name of the broker was found at the location, indicating that the broker does not have a genuine business 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 considered as the final basis for decision-making.