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 and a diverse range of trading products. To help investors and practitioners 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 Swift Market in Singapore as scheduled. According to public information, its office address is 380 Jalan Besar, Singapore.

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 broker Swift Market.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the broker claiming to be located at 380 Jalan Besar Singapore Swift Market.

The inspector successfully arrived at the office building. The surrounding commercial atmosphere is average, and the overall environment is relatively ordinary. No company logo or related information of Swift Market was found on the exterior of the building.

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

Upon entering the lobby, it was found that the building's directory did not contain information about Swift Market. Due to the requirement of a strictly secured access card to go upstairs, it was impossible to reach the specific floor and confirm the exact location, nor could entry be gained into the company's interior. Additionally, no photos could be taken of the reception desk or its logo. According to the map, the building houses WeWork's shared offices, and the trader's claimed office location is in the form of a shared workspace.

Through the lobby area, since access to the company's interior is not possible, it is not feasible to observe the internal environment, decoration style, or employee activities.

Therefore, after on-site verification, it is confirmed that the broker Swift Market does not exist at the above address.

Conclusion

As planned, the on-site investigator visited the forex broker Swift Market in Singapore. However, no information such as the company name of the broker was found at its 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 opinions are for reference only and should not be taken as the final basis for decision-making.