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 the world's fourth-largest forex trading hub, it features flexible trading hours and a diverse range of trading products. 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 Betaoption in Singapore as planned. According to public information, its office address is 3015 Suit pagla road, Singapore.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Singapore to conduct an on-site verification of the dealer claiming to be located at 3015 Suit pagla road, Singapore Betaoption.

The field investigator attempted to reach the target address but found that it did not exist. Upon arriving at a similar area, the investigator observed no trace of the company in the vicinity. The commercial atmosphere in the area was average, and no signs or information related to Betaoption were found in the surrounding buildings.

The on-site inspectors were unable to enter the company's lobby, let alone reach specific floors or confirm exact locations. Since the address itself does not exist, the inspectors failed to obtain entry permission and could not access the company's interior. Additionally, they were unable to photograph the reception area or its logo, and this office location is not a shared workspace.

Since access to the interior was not possible, the internal office environment could not be observed, and the overall situation does not match its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker Betaoption 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 selection.