Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s alongside Singapore's financial liberalization policies. Leveraging its strategic geographical location, stable political environment, and robust financial infrastructure, Singapore has become one of Asia's key forex trading hubs. 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 Lutex Options in Singapore. According to publicly available information, its office address is 12 MARINA BOULEVARD, TOWER 3, #17 - 01 MARINA BAY FINANCIAL CENTRE, SINGAPORE 018982.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, traveled to Singapore following a well-planned itinerary. Based on the aforementioned information, they conducted an on-site visit to the dealer Lutex Options.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer Lutex Options claimed to be located at the aforementioned address.

The on-site inspector successfully arrived at the target building, which is located in Singapore's bustling Marina Bay Financial Centre. The surrounding area is extremely prosperous with a strong commercial atmosphere. This is one of Singapore's finest office buildings, boasting a very luxurious map location, and the building houses large financial companies. However, no signage or relevant information about the company was found on the exterior of the building.

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

Inside the building, no signage for the company was found. Due to the lack of clear guidance and no prior appointment, it was impossible to reach the target floor (17th floor) to confirm the exact location. Consequently, it remains unknown whether the company's office area has clear markings or security measures, let alone gaining access to the interior. Additionally, it was not possible to photograph the reception desk or its logo. The office is not a shared workspace.

Through the lobby area, as it is not possible to enter the company's interior, one cannot observe the internal environment, decoration style, or employee activities.

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

Conclusion

The on-site investigator visited the forex broker Lutex Options 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 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 decision-making.