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 has attracted numerous international financial institutions and investors due to its advantageous geographical location, stable political environment, robust financial infrastructure, and open financial policies. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker GIC in Singapore as planned. According to public information, its office address is 89 Tagore Ln, Singapore 787531.

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 dealer GIC reportedly located at 89 Tagore Ln Singapore 787531.

During the process of heading to the target location, the field investigator encountered a roadblock at a construction site on the way to the company. The construction personnel informed them that the road was already blocked and not passable. Due to the road closure, the investigator was unable to successfully reach the target building. Consequently, they could not observe the geographical location, surrounding environment, or commercial atmosphere of the site. Additionally, no company signage or related information was found on the exterior of the building.

Since it is impossible to reach the building, the surveyors cannot enter the first floor or lobby of the building, nor can they communicate their purpose to the security or staff, register, or engage in any communication. Consequently, obtaining entry permission is out of the question, and there is no scenario where entering the interior is even a consideration. Additionally, due to the inability to access the company, it is also impossible to observe the internal environment, decoration style, employee activities, and other related conditions.

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

Conclusion

The on-site investigator visited the forex broker GIC in Singapore as planned. However, the broker's company name and other information were not found at the publicly displayed business address, indicating that the broker does not have a genuine operational premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be considered as the final basis for decision-making.