Purpose

The Singapore foreign exchange market, which emerged in the 1970s, has developed into a significant forex hub in the Asia-Pacific region. Thanks to its strategic geographical location, stable political environment, and robust financial regulatory framework, it has become one of the key global centers for foreign exchange trading. To help investors and professionals 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 proceeded to Singapore as planned to visit the forex broker R5FX. According to publicly available information, its office address is City Hub #23-01 20 Collyer Quay Singapore 049319.

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 R5FX.

The field investigator proceeded to City Hub based on the address information to conduct an on-site verification of the dealer R5FX who claimed to be located at City Hub #23-01 20 Collyer Quay Singapore 049319.

The on-site inspector successfully arrived at City Hub, which is located in Singapore's core financial district, surrounded by a bustling environment and a strong commercial atmosphere. No company logo or related information for R5FX was found on the exterior of the building.

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

The field investigator found that the floor is a shared office space without any clear signage indicating R5FX's office area. The investigator asked the staff at the shared office to help check R5FX's records, but no information about the company was found. Due to the lack of company records, the investigator was unable to enter the premises and could not take photos of the reception area or its logo.

Through the shared office area, the inspectors were unable to observe the internal environment of R5FX company, and the overall situation does not match its claimed positioning.

Therefore, after on-site verification, it is confirmed that the dealer R5FX does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker R5FX in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker could be found, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be considered as the final basis for decision-making.