Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s. With the continuous rise of Singapore's status as a financial center, its forex market has become one of Asia's important forex trading hubs, leveraging efficient financial infrastructure, a robust regulatory system, and a strategic geographical location. 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 ACA Invest Corporation in Singapore as scheduled. According to public information, its office address is 8 Temasek Blvd, Singapore #34-02 Suntec Tower Three 038988.

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 brokerage firm ACA Invest Corporation.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader ACA Invest Corporation, which claimed to be located at 8 Temasek Blvd, Singapore #34-02 Suntec Tower Three 038988.

The field investigator successfully arrived at Suntec Tower Three, which is located in a landmark area of Singapore with a bustling surrounding environment and a strong commercial atmosphere.

The field investigator entered the building lobby and photographed the directory board, but did not find any relevant signage for the company. The investigator explained their purpose to the security personnel and, after communication, obtained permission to enter.

Upon arriving at the target floor (34th floor), the field investigator found no clear signage for the ACA Invest Corporation office area, nor any security measures. Due to the absence of any signs related to the company, the investigator was unable to enter the premises. Additionally, they could not photograph the reception area or its logo, and the office was not a shared workspace.

Through the common areas of the floor, the on-site inspector was unable to observe the internal environment of the company, and no signs matching the claimed positioning of the company were found overall. Therefore, after the on-site inspection, it was confirmed that the broker ACA Invest Corporation does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker ACA Invest Corporation 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.