Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian Dollar Market. It is now the fourth-largest forex trading center globally. With its advantageous geographical location, robust financial regulations, and efficient financial infrastructure, the Singapore forex market has attracted numerous international financial institutions and investors. 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 Vanir in Singapore as planned. According to public information, its office address is 212b Telok Ayer Street, Singapore 068645, Singapore.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, traveled to Singapore according to a well-planned schedule. Based on the above information, they conducted an on-site visit to the broker Vanir.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the broker Vanir who claimed to be located at 212b Telok Ayer Street, Singapore 068645, Singapore.

The field investigator successfully arrived at the area of the target address, which is a food street filled with various dining establishments. The commercial atmosphere primarily revolves around the catering industry, distinctly different from that of financial transactions. No company logos or related information of Vanir were found on the street or the exteriors of surrounding buildings.

Since the address is located in a food street, it lacks the facilities commonly found in conventional office buildings such as a lobby. Therefore, it is impossible to enter the so-called company lobby, nor is there any opportunity to explain one's purpose to security or staff. Given that the corresponding building and floor cannot be found at all, it is also impossible to confirm whether Vanir's office area has clear signage or security measures, let alone gain access to the interior. Additionally, this address is not a shared office space.

Since access to the so-called office area is not possible, it is impossible to observe the internal environment, decoration style, and employee activities of the company.

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

Conclusion

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

Disclaimer

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