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 features flexible trading hours, a diverse range of trading products, and a varied pool of market participants. 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 proceeded to Singapore as scheduled to visit the forex broker Lvl Singapore PTE. According to publicly available information, its office address is 9 RAFFLES PLACE, REPUBLIC PLAZA, SINGAPORE.

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 dealer Lvl Singapore PTE.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader claiming to be located at 9 RAFFLES PLACE, REPUBLIC PLAZA, SINGAPORELvl Singapore PTE.

The inspection personnel successfully arrived at the target building, Republic Plaza, located in a bustling area of Singapore. The surrounding environment is clean and has a strong commercial atmosphere, making it one of the most luxurious buildings in Singapore. However, no signage or relevant information about the company was found on the exterior of the building.

The surveyor entered the building lobby and, after explaining their purpose to the security personnel, obtained permission to enter. However, no information related to Lvl Singapore PTE was found on the directory board in the lobby.

Since the specific floor where the company is located could not be determined, the field investigator was unable to reach the exact floor and confirm its precise location, thus making it impossible to enter the company's premises. Additionally, they could not photograph the reception area or the logo at the front desk, and the office in question was not a shared workspace.

Through the public areas of the building, since access to the company's interior is not permitted, it is only possible to ascertain that the inability to enter prevents understanding of the internal office environment. The overall situation cannot be confirmed as to whether it aligns with the claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker Lvl Singapore PTE in Singapore as planned. At the publicly displayed business address, no information such as the broker's company name 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 opinions are for reference only and should not be considered as the final basis for selection.