Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s. As one of the world's major financial centers, the Singapore forex market attracts numerous investors and traders with its efficiency, transparency, and diversity. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker Wise Forex in Singapore as planned. According to public information, its office address is Rajendran Blk 35 Mandalay 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 Wise Forex claiming to be located at Rajendran Blk 35 Mandalay Road, Singapore.

The inspector successfully arrived at the location, but it did not resemble an office building. The surrounding environment made it difficult to assess whether it met the commercial atmosphere expected of an office building, giving an overall impression of being rather ordinary. No company signage or relevant information was found on the exterior of the building.

The inspector entered the building and was able to access the company lobby. However, after explaining their purpose to the security or staff, they found no information about the company in the building, nor any floor markings.

Due to the lack of floor information in the building, it is impossible to determine the target floor, and thus unable to confirm whether there are clear signs or security measures in the office area of Wise Forex. Since the exact location of the company is unknown, the field survey personnel cannot enter the interior or take photos of the reception area and its logo. This office space is not a shared workspace.

The on-site inspector was unable to determine the company's exact location, making it difficult to observe the internal environment, decoration style, employee activities, and other conditions. The overall situation does not align with its claimed positioning as a legitimate forex broker.

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

Conclusion

The on-site investigator visited the forex broker Wise Forex in Singapore as planned. However, 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 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 used as the final basis for selection.