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 the world's fourth-largest forex trading center, it features flexible trading hours and a diverse range of trading products. 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 visited the forex broker Upstoxbroker in Singapore as planned. According to public information, its office address is 3015 Suit Pagla Road, SINGAPORE.

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 claiming to be located at 3015 Suit Pagla Road, SINGAPOREUpstoxbroker.

During the search, the field investigator found that the address does not exist. Even when arriving at a similar location, the corresponding company could not be found. There were no signs of the company in the vicinity, nor any information related to it.

Since the address itself does not exist, the field investigator cannot enter the so-called building, let alone obtain access permission. Consequently, there is no possibility of reaching the target floor to inspect the company's office area, naturally making it impossible to determine whether there are any visible signs or security measures. They also cannot enter the interior, nor can they photograph the reception desk or its logo. Additionally, this address is not a shared office space.

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

Conclusion

The on-site investigator visited the forex broker Upstoxbroker in Singapore as planned. The broker's company name and other information were not found at the 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 views are for reference only and should not be considered as the final basis for selection.