Purpose

The Singapore foreign exchange market, which developed in the 1970s as an international forex hub, has become one of Asia's key forex trading centers due to its advantageous geographical location, robust financial infrastructure, and open financial policies. To help investors and 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 proceeded to Singapore as scheduled to visit the forex broker Bairun Global Limited. According to publicly available information, its office address is 20 Cecil Street, 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 dealer Bairun Global Limited.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader claiming to be located at 20 Cecil Street, Singapore Bairun Global Limited.

The inspection personnel successfully arrived at the target building, which is located in a bustling area of Singapore with a clean surrounding environment and a strong commercial atmosphere. No company signage or related information was found on the exterior of the building.

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

However, the company's nameplate was not found inside the building. Due to the prohibition of photography within the premises and the lack of an appointment, the inspection personnel were unable to access the specific floor, thus could not determine the exact location of the company, let alone enter its interior.

The on-site inspector failed to capture photos of the reception desk and its logo, and this office is not a shared workspace.

Through the lobby area, the on-site inspector was unable to observe the company's internal office environment, as entry was not permitted. The overall situation does not align with its claimed positioning of having an office address.

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

Conclusion

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