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, a diverse range of trading products, and a variety of market participants. 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 proceeded as planned to visit the forex broker TOOLS4SEALS in Singapore. According to publicly available information, its office address is Robinson Rd 14, Singapore 048545, 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 TOOLS4SEALS.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claiming to be located at Robinson Rd 14, Singapore 048545, SingaporeTOOLS4SEALS.

The field investigator successfully arrived at the target building, which is located in a specific area of Singapore. Due to the absence of the company, it is difficult to accurately describe the characteristics of the surrounding environment, and the commercial atmosphere could not be determined from this inspection. No signage or relevant information related to the company was found on the exterior of the building.

The survey personnel entered the building lobby, explained their purpose to the security guard, and after communication, obtained permission to enter.

However, no signage of the company was found inside the building. Since the specific floor and location could not be confirmed, the inspection personnel were unable to reach the exact floor to verify the company's precise position. Naturally, they could not enter the company's premises, take photos of the reception area or its logo, and the office was not a shared workspace.

Through the public areas of the building, it was not possible to observe the internal environment of the company as access to the interior was restricted. Overall, the navigation led to the correct building, but the directory board did not display the company's information.

Therefore, after on-site verification, it was confirmed that the dealer TOOLS4SEALS does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker TOOLS4SEALS 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 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 considered as the final basis for selection.