Purpose

The Singapore foreign exchange market is an emerging offshore forex market that developed in the 1970s alongside the rise of the Asian Dollar Market. Leveraging its strategic geographical location, robust financial infrastructure, and open policy environment, it quickly became one of the world's key forex trading hubs. 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 Forex-markets in Singapore as scheduled. According to public information, its office address is 50 Raffles Place #44-01, Singapore Land Tower, Singapore 048623.

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 Forex-markets.

The field investigator proceeded to 50 Raffles Place, Singapore Land Tower, Singapore, based on the address information, to conduct an on-site verification of the broker Forex-markets claimed to be located at this address.

The inspection personnel successfully arrived at the Singapore Land Tower, located in the bustling financial district of Singapore, surrounded by a vibrant environment and a strong commercial atmosphere. No signage or relevant information of the company was found on the exterior of the building.

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

However, the on-site inspectors did not find any information related to Forex-markets on the building's directory. Since the exact floor location could not be confirmed, the inspectors were unable to reach the target floor to verify the specific location, and thus could not enter the company's premises. Additionally, they were unable to photograph the reception area or its logo, and the office in question was not a shared workspace.

Through the lobby area, as access to the company's interior was not possible, the survey personnel were unable to observe the internal environment, decoration style, and employee activities.

Therefore, after on-site verification, it is confirmed that the broker Forex-markets does not exist at the above address.

Conclusion

The inspection team visited the forex broker Forex-markets 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 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.