Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian dollar market. Leveraging its strategic geographical location, robust financial infrastructure, and open policy environment, it quickly became one of the world's key forex trading hubs. To help investors or practitioners 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 visited the forex broker JPY - 500 in Singapore as planned. According to public information, its office address is 63 Market St, #22 - 00, Singapore. 048942.

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 JPY - 500.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader JPY - 500, which was claimed to be located at 63 Market St, #22 - 00, Singapore. 048942.

The inspection personnel successfully arrived at the target building, which is the Singapore Bank Tower located in a bustling commercial area of Singapore, surrounded by a vibrant environment and strong business atmosphere. However, no company signage or related information for JPY - 500 was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. Due to the strict security measures in place at the building, entry without prior appointment was not permitted, and the surveyor was unable to gain access.

Since access to the building was denied, it was impossible to reach the target floor (22nd floor) and consequently unable to verify whether the JPY - 500 office area had clear signage or security measures. Naturally, entry into the interior was also prohibited, preventing any photographs of the reception desk or its logo. Additionally, this office space is not a shared workspace.

Since access to the interior was not possible, the on-site inspector could only ascertain that entry was denied regarding the company's internal office environment. Overall, the conditions observed by the inspector do not align with the positioning claimed by this broker.

Therefore, after on-site verification, it has been confirmed that the dealer JPY - 500 does not exist at the aforementioned address.

Conclusion

The on-site inspection team proceeded to Singapore as planned to conduct a field visit of the forex broker JPY - 500. 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.