Purpose

The Singapore foreign exchange market emerged as an offshore forex market in the 1970s alongside the rise of the Asian Dollar Market. Leveraging its strategic geographical location, robust financial regulatory framework, and advanced financial infrastructure, it quickly became one of the world's key forex trading hubs. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, our team conducted on-site visits in Singapore.

Process

This week, the team is scheduled to visit a forex broker in Singapore for an on-site inspectionMetaGold. According to publicly available information, its office address is 50 Raffles Place, #29-04 Singapore Land Tower, Singapore 048623.

A professional and experienced team, driven by a sense of mission to rigorously safeguard investors' interests, followed a meticulous plan and traveled to Singapore to conduct an on-site verification of the trader MetaGold, which claimed to be located at 50 Raffles Place, #29-04 Singapore Land Tower, Singapore 048623.

The team has successfully arrived at Singapore Land Tower, located in the bustling financial and business district of Singapore, surrounded by a vibrant environment and a strong commercial atmosphere. No company logos or related information of MetaGold were found on the exterior of the building, but the building's directory was photographed.

The team entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter.

However, no company signage for MetaGold was found inside the building, nor was the company's logo visible. Unable to confirm the specific floor or location, the team failed to reach the target floor, let alone enter the company premises, take photos of the reception area or its logo. The office in question was also not a shared workspace.

Through the lobby area, although the internal situation of the company cannot be seen, the overall situation does not match its claimed positioning.

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

Conclusion

The team visited the forex broker's purported business address in Singapore as plannedMetaGold, but found no signage or information indicating the broker's presence, confirming the lack of a genuine operational premises. Investors are advised to make informed decisions after thorough consideration.

Disclaimer

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