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 stringent financial regulation. 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 Trademinerz FX in Singapore as planned. According to public information, its office address is 107 Eunos Ave 3, Storefriendly Centre, Singapore 409837.

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 dealer Trademinerz FX reportedly located at 107 Eunos Ave 3, Storefriendly Centre, Singapore 409837.

The inspector successfully arrived at the target building, which is not a traditional office building but rather a warehouse. Additionally, the building provides facilities similar to private shared offices. The surrounding environment of the building is relatively ordinary, with a mediocre commercial atmosphere. No company signage or related information for Trademinerz FX was found on the exterior of the building.

The surveyor entered the building lobby and stated their purpose to the security guard, but was not allowed to proceed further.

However, since the company's nameplate Trademinerz FX was not found, nor was the company's logo visible, the field investigator could not determine the specific floor and location, and thus failed to reach the target floor to confirm the exact position. Naturally, they were also unable to enter the company's premises. It was learned, though, that this is a shared office space.

Through the nearby area, it is impossible to observe the internal environment of the company due to the inability to see inside. Overall, it cannot be determined whether the environment aligns with the positioning claimed by the trader.

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

Conclusion

The inspection team visited the forex broker Trademinerz FX 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 premises. 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.