Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian Dollar Market, and it is now the fourth-largest forex trading center globally. Leveraging its strategic geographical location, stable political environment, robust financial infrastructure, and open financial policies, Singapore has attracted numerous international financial institutions and forex brokers to establish operations there. To help investors or professionals 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 BXB in Singapore as planned. According to public information, its office address is "101 Thomson Road, #06-02/06 United Square, Singapore".

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 BXB.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer BXB claimed to be located at "101 Thomson Road, #06-02/06 United Square, Singapore".

The field investigator successfully arrived at the target building, which is located in a bustling area with a clean surrounding environment and a strong commercial atmosphere. No BXB company signage or related information was found on the exterior of the building.

The on-site inspector entered the building lobby and explained their purpose to the security personnel. After a brief communication, they obtained permission to enter.

Although the on-site inspector was unable to reach the target floor to confirm the specific location, it is known that the floor is a shared office space. No company signage for BXB was found within the building, nor was its logo visible either inside or outside the building. Additionally, it was impossible to photograph the reception area or its logo. While access to the company's interior was restricted, it was understood that the inability to enter prevented any observation of the internal office environment. Overall, the situation does not align with the positioning it claims.

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

Conclusion

The on-site investigator visited the forex broker BXB in Singapore as planned. However, no information such as the company name of the broker was found at its 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 considered as the final basis for decision-making.