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 boasts a superior geographical location and time zone that bridges the Tokyo and London markets. Its trading hours cover the active sessions of major global financial markets, enabling 24-hour uninterrupted trading. To help investors or professionals 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 to Singapore as scheduled to visit the forex broker bitcapital.ltd. According to publicly available information, its office address is 5th Floor, 18 Cross St, 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 broker bitcapital.ltd.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claiming to be located at 5th Floor, 18 Cross St, Singapore bitcapital.ltd.

The inspection personnel successfully arrived at the target building, which is located in a bustling area of Singapore with a strong commercial atmosphere, where the streets are bustling with continuous pedestrian and vehicular traffic.

On the exterior of the building, no company logo or related information of bitcapital.ltd was found.

The on-site inspector entered the building lobby, stated their purpose to the security personnel, and after a brief registration, obtained permission to enter.

However, when indicating the intention to go to the 5th floor bitcapital.ltd, the receptionist informed that while the address was correct, the company was not located on that floor. The attempt to reach the target floor was unsuccessful, and the field investigator could not access the 5th floor to confirm the exact location.

Inside the building, no company signage for bitcapital.ltd was found.

There are shared offices on the 2nd and 3rd floors of the building, bitcapital.ltd is registered as a shared office, but the on-site inspector failed to capture photos of the reception desk and its logo. Since access to the interior of the company was not possible, the internal office environment could not be observed.

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

Conclusion

The on-site investigator visited the forex broker bitcapital.ltd 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 decision-making.