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, diverse trading products, and a wide range of market participants. To help investors or 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 Merida in Singapore as planned. According to public information, its office address is 10 - 80 Pasir Panjang Rd, Singapore 117438.

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 broker Merida purportedly located at 10 - 80 Pasir Panjang Rd, Singapore 117438.

The inspector successfully arrived at the building corresponding to the address, but surprisingly, it turned out to be a government office. The surrounding environment is quite formal and orderly, with a lack of strong commercial atmosphere. No signs or relevant information of Merida company were found on the exterior of the building.

The surveyor entered the building, but as it was a government office building, they were denied entry after explaining their purpose to the security guard.

Since access to the building is impossible, reaching the target floor to verify the office area situation of Merida is unfeasible. Naturally, it's impossible to photograph the reception desk and its logo, nor determine whether it's a shared office space. Additionally, observing the internal company environment related to Merida is also out of the question.

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

Conclusion

The inspection team visited the forex broker Merida in Singapore as planned, but found no information such as the company name at the publicly displayed business address, indicating that the broker does not have a genuine operational presence. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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