Purpose

The Singapore foreign exchange market, which developed in the 1970s, is a key Asian forex hub. Thanks to its strategic geographical location, stable political environment, and robust financial regulatory framework, it has become one of the world's major centers for forex trading. To help investors and 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 Black Point Traders in Singapore as planned. According to public information, its office address is Scotts Road, Thong Teck Building, Singapore, 228218.

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 Black Point Traders.

The on-site inspector proceeded to the target area based on the address information to conduct a physical verification of the trader Black Point Traders claimed to be located at Scotts Road, Thong Teck Building, Singapore, 228218.

The field investigator arrived at the corresponding Scotts Road, but without a detailed address, they were unable to locate the company's premises. A thorough search was conducted in the surrounding area, but no signs related to the company were found in the vicinity. The commercial atmosphere appeared normal, yet no company signage or relevant information was identified on the exterior of the buildings.

Since the specific building could not be identified, the field investigator was unable to enter the so-called office building. Consequently, there were no subsequent procedures such as explaining their purpose to security or staff, registering and communicating, or obtaining entry permission after entering the building.

Since the target building and floor could not be located at all, it was impossible to determine whether Black Point Traders's office area had clear signage or security measures, let alone gain access to the interior. Additionally, it was not possible to photograph the reception desk or its logo, and the company is not a shared office space.

Since access to the company's interior was not granted, it was impossible to observe the internal environment, decoration style, employee activities, and other related aspects.

Therefore, after on-site verification, it was confirmed that the dealer Black Point Traders does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Black Point Traders in Singapore as planned. The broker's company name and other information were not found at the 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 views are for reference only and should not be used as the final basis for decision-making.