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 one of the world's major forex trading hubs, it attracts numerous international financial institutions and investors due to its strategic geographical location, stable political environment, and advanced financial infrastructure. To help investors or professionals gain a more comprehensive understanding of forex brokers in this region, our team conducted on-site visits in Singapore.

Process

This month, the team is scheduled to visit the forex broker Fxtrading Stations in Singapore for an on-site inspection. Public records indicate its office address is 101 CECIL STREET #23-11 TONG ENG BUILDING SINGAPORE (069533).

A professional and experienced 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 Fxtrading Stations.

The team proceeded to the target area based on the address information to conduct an on-site verification of the trader Fxtrading Stations who claimed to be located at 101 CECIL STERRT #23-11 TONG ENG BUILDING SINGAPORE (069533).

The team has successfully arrived at TONG ENG BUILDING, located in the heart of Singapore with a bustling surrounding environment and a strong commercial atmosphere. However, the office building itself is not particularly luxurious and appears somewhat outdated. No signage or relevant information about the company was found on the exterior of the building.

The team entered the building lobby and, after stating their purpose to the security personnel, smoothly obtained permission to enter.

Upon arriving at the target floor, the 23rd floor, the team noticed many company names posted at the office entrance, but there was no clear signage for Fxtrading Stations. Due to the lack of relevant information about the company, the team was unable to enter the premises. They also failed to photograph the reception area or its logo, and the office was not a shared workspace.

Through the glass door, it was impossible to enter and observe the internal environment of the company. The overall situation does not match its claimed positioning.

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

Conclusion

The team visited the foreign exchange dealer Fxtrading Stations in Singapore as planned, but found no information such as the company name at the publicly displayed business address, indicating that the dealer 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 used as the sole basis for final decisions.