Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the growth of the Asian dollar market. As one of the world's major financial centers, the Singapore forex market is characterized by active trading, strict regulation, and a high degree of internationalization. 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 visited the forex broker RCMA GROUP in Singapore as planned. According to public information, its office address is One Temasek Avenue, Millenia Tower #18-07 Singapore 039192.

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 RCMA GROUP claiming to be located at One Temasek Avenue, Millenia Tower #18-07 Singapore 039192.

The inspection personnel successfully arrived at Millenia Tower, located in a bustling area of Singapore, which is one of the most luxurious and finest office buildings in the city. The surrounding environment is vibrant with a strong commercial atmosphere. However, 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 the building.

However, regrettably, due to access restrictions, the surveyor was unable to reach the target floor (18th floor), and thus could not confirm the specific location of RCMA GROUP. No signage for the company was found within the building, and neither the company's logo was spotted inside nor outside the premises. Since the target floor was inaccessible, naturally, entry into the company's interior was impossible, let alone photographing the reception area or its logo. Additionally, the office in question was not a shared workspace.

Through the public areas of the building, the survey personnel were unable to observe the internal office environment and other conditions as they could not enter the company premises. Overall, due to the inability to go upstairs, it is uncertain whether the company exists at the aforementioned address.

Therefore, after the on-site inspection, it is difficult to confirm whether the dealer RCMA GROUP exists at the above address.

Conclusion

The inspection team visited the forex broker RCMA GROUP in Singapore as planned. However, no information such as the company name of the broker was found at its publicly displayed business address, raising doubts about whether the broker actually operates from a legitimate business location. Investors are advised to make their choices after careful consideration.

Disclaimer

The above content and views are for reference only and should not be considered as the final basis for selection.