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 financial centers, the Singapore forex market is characterized by active trading, strict regulation, and a wide variety of financial products. 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 Overseas Investments Traders in Singapore as planned. According to public information, its office address is 1 Scotts Road, #24-10 Shaw Centre, Singapore 228208.

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 Overseas Investments Traders.

The inspection personnel successfully arrived at Shaw Centre, which is located in a bustling area of Singapore with a clean surrounding environment and a strong commercial atmosphere. However, no company logo or relevant information of Overseas Investments Traders was found on the exterior of the building.

The inspector entered the building lobby and stated their purpose to the security personnel. After registration, they obtained permission to enter.

Upon arriving at the target floor, the 24th floor, the field investigator found that the company corresponding to this floor was not Overseas Investments Traders, and there were no obvious signs or security measures for the said company. Due to the mismatch between the floor and the company, the field investigator was unable to enter the so-called Overseas Investments Traders interior, nor could they photograph the reception area and its logo. Additionally, this floor was not a shared office space.

Through the common areas on the floor, the inspector observed that the office environment did not match the positioning claimed by Overseas Investments Traders.

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

Conclusion

The on-site investigator visited the forex broker Overseas Investments Traders in Singapore as planned. However, no information such as the company name of the broker was found at the publicly displayed business address, indicating that the broker does not have a genuine operational location. Investors are advised to make their choices after careful consideration.

Disclaimer

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