Purpose

The Singapore foreign exchange market, developed in the 1970s as an international financial center, quickly became one of Asia's key forex trading hubs due to its advantageous geographical location, stable political environment, and robust financial regulatory framework. To help investors or 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 BittexForex in Singapore as scheduled. According to public information, its office address is 22 Sin Ming Lane #06 - 76 Midview City Singapore 573969.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Singapore to conduct an on-site verification of the trader BittexForex reportedly located at 22 Sin Ming Lane #06 - 76 Midview City Singapore 573969.

The field investigator successfully arrived at Midview City. The surrounding area of the location is entirely occupied by auto malls, with a mediocre commercial atmosphere. No company signage or related information was found on the exterior of the building.

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

Upon arriving at the target floor (06th floor), the field investigator found the corresponding office location, but the company name did not match. Due to the discrepancy in the company name and other reasons, the investigator was unable to enter the premises. As a result, they could not take photos of the reception area or the front desk logo, and the office was not a shared workspace.

Through the glass door, due to the inability to enter, the internal environment of the company and other conditions could not be observed.

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

Conclusion

The on-site investigator visited the forex broker BittexForex in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker was 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 used as the sole basis for final decisions.