Purpose

The Singapore foreign exchange market is an international foreign exchange market that developed in the 1970s. As one of Asia's important financial centers, Singapore Foreign Exchange Market is characterized by active trading and strict regulation. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Singapore.

Process

As planned, the on-site inspection team visited the forex broker HIGHWIN in Singapore. According to public information, its office address is 61 Kaki Bukit Avenue 1, #04-40 Shunli Industrial Park Singapore 417943.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, followed a meticulous plan and proceeded to the target area in Singapore to conduct a physical inspection of the broker HIGHWIN, which claims to be located at 61 Kaki Bukit Avenue 1, #04 - 40 Shunli Industrial Park Singapore 417943.

The inspectors successfully arrived at the target industrial park. The location is in a non-busty area of Singapore, with most surrounding businesses related to building materials. The commercial atmosphere is mediocre. No company signal or relevant information was found outside the park.

The inspectors entered the lobby of the park building. After stating their purpose to the security guard, they were allowed to enter.

Upon reaching the target floor, the inspectors found that the office area had no prominent signal about HIGHWIN. The office door was closed, with a note at the entrance stating 'Call if needed' and operating hours only from 1 PM to 5 PM. It did not appear to be a financial company's office. As there was no appointment and the office was closed, the inspectors could not enter the interior, nor could they photograph the reception area or logo. The office was not a shared office space.

Through the corridor area, the inspectors could not observe the company's internal environment. The overall environment did not match its claimed positioning as a forex broker.

Therefore, after the on-site inspection, it was confirmed that broker HIGHWIN does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker HIGHWIN in Singapore as planned. At its publicly displayed business address, no information such as the broker's company name was visible, indicating that the broker does not have a genuine physical 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 used as the final basis for selection.