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 wide variety of trading instruments, and a large number 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 proceeded to Singapore as scheduled to visit the forex broker Poems. According to publicly available information, its office address is 250 North Bridge Road, #06 - 00, Raffles City Tower Singapore 179101.

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 Poems.

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 250 North Bridge Road, #06 - 00, Raffles City Tower Singapore 179101.Poems

The on-site inspector successfully arrived at Raffles City Tower, located in the heart of Singapore's downtown area, one of the most luxurious office buildings in the city, surrounded by a bustling environment and a strong commercial atmosphere. The building's directory was photographed externally, but no signage or relevant information related to Poems company was found.

The on-site inspector entered the building lobby and stated their purpose to the security personnel. After communication, they obtained entry permission. However, no signage for Poems company was found inside the building either.

Due to the company's strict security measures, the on-site inspectors were unable to reach the target floor (06th floor) to confirm the specific location, and thus could not enter the interior of Poems company. They were unable to photograph the reception area or the logo at the front desk, and the office space was not a shared workspace. Even through the glass door, they could not observe the interior of the company because they were not allowed to get close. Later, it was learned that the office under this doorplate belonged to a company under the Philips Group.

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

Conclusion

The on-site investigator visited the forex broker Poems in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker could be 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 selection.