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 hub, it attracts numerous international financial institutions and forex traders to conduct business here, thanks to its advantageous geographical location, stable political environment, robust financial regulatory system, and advanced financial infrastructure. To help investors or practitioners gain a more comprehensive understanding of forex traders in this region, an on-site inspection team visited Singapore for field research.

Process

The on-site inspection team visited the forex broker Abendroth Fortel in Singapore as planned. According to public information, its office address is 33 - 06 Asia Square Tower 1, Marina View, Singapore 018960.

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 Abendroth Fortel.

The on-site inspector proceeded to the target area based on the address information to conduct a physical verification of the dealer claiming to be located at Marina View, 33 - 06 Asia Square Tower 1, Singapore 018960 Abendroth Fortel.

The inspection personnel successfully arrived at Asia Square Tower 1, located in Singapore's bustling commercial district. The surrounding area is vibrant with a strong business atmosphere. This is one of Singapore's most luxurious office buildings, featuring a magnificent and grand exterior. The modern architectural style highlights its high-end positioning.

On the exterior of the building, the field investigator did not find any company signage or related information for Abendroth Fortel, but managed to photograph the building's directory board.

The survey personnel entered the building lobby and explained their purpose to the security guard. After some communication, although they obtained permission to enter the lobby, due to strict security measures, they were not granted permission to go upstairs.

Since the surveyor was unable to reach the target floor (33rd floor), they could not confirm whether Abendroth Fortel's office area had clear signage or security measures, nor could they enter the interior. Additionally, they were unable to photograph the reception desk and its logo. This office space is not a shared workspace.

Since access to the company's interior was not possible, it was impossible to observe the internal environment, decoration style, and employee activities. Overall, during this on-site inspection, no clear signs related to Abendroth Fortel were found, and the situation does not match the positioning claimed by the trader.

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

Conclusion

The on-site investigator visited the forex broker Abendroth Fortel in Singapore as planned. No information such as the company name of the broker was found at its publicly displayed business address, 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 views are for reference only and should not be used as the final basis for decision-making.