Purpose

The Singapore foreign exchange market emerged as a new forex market in the 1970s alongside the rise of the Asian dollar market. Leveraging its strategic geographical location, robust financial infrastructure, and open financial policies, 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 the region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker Waterman Bates in Singapore as planned. According to public information, its office address is 60 Paya Lebar Singapore.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Singapore to conduct an on-site verification of the trader Waterman Bates claimed to be located at 60 Paya Lebar, Singapore.

The inspector successfully arrived at the target building, which is located in a relatively bustling area of Singapore, with a clean surrounding environment and a strong commercial atmosphere. However, no company logo or related information of Waterman Bates was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After a brief communication, they obtained permission to enter.

Although we entered the building, we found no information related to Waterman Bates on the directory inside. Without specific floor details, the surveyor was unable to reach the exact floor and confirm the precise location.

This visit was not to a shared office, but due to the inability to reach the target floor, we could not enter the company or take photos of the reception area and its logo.

Through the public areas of the building, it was impossible to observe the internal environment of the company as access to the interior was restricted. The information claimed by this trader differs from the actual situation, and the overall circumstances do not align with its purported positioning.

Therefore, after on-site verification, it has been confirmed that the dealer Waterman Bates does not exist at the above address.

Conclusion

The inspection team visited the forex broker Waterman Bates in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker was 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 views are for reference only and should not be considered as the final basis for selection.