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 attracts numerous international financial institutions and investors due to its advantageous geographical location, stable political environment, and robust financial infrastructure. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker FXTM in Singapore as scheduled. According to public information, its office address is 10 JLN Serene, Serene Center, Singapore 258748.

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 to conduct an on-site verification of the trader claiming to be located at 10 JLN Serene, Serene Center, Singapore 258748FXTM.

The inspection personnel successfully arrived at the target building, which is located in a relatively remote area of Singapore, adjacent to the Singapore Botanic Gardens. The building is a small business plaza with a quiet surrounding environment and a modest commercial atmosphere. No company logos or related information were found on the exterior of the building.

The inspector entered the building lobby, but due to the lack of detailed floor information, they were unable to reach the target floor to confirm the specific location. Additionally, no obvious signage or security measures were found for the FXTM office area within the building.

Since the specific location of the company could not be found, the surveyor was unable to enter the premises, take photos of the reception area, or capture the logo at the front desk. This office is not a shared workspace.

Through the lobby area, the on-site inspectors were unable to observe the internal environment of the company and other conditions, making it impossible to determine whether it aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker FXTM in Singapore as planned. The broker's company name and other information were not 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 used as the sole basis for making a final decision.