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, stringent regulation, and a diverse range 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 proceeded as planned to Singapore to conduct a field visit to the forex broker Quality Oil & Gas Pte Ltd. According to publicly available information, its office address is 24, Sin Ming Lane, #05 - 104 Midview City, Singapore - 573970.

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 Quality Oil & Gas Pte Ltd.

The inspection personnel successfully arrived at Midview City, which is located in a relatively suburban area of Singapore. The surrounding environment is quite ordinary with a mediocre commercial atmosphere. The ground floor of the building houses an auto mall, while the upper floors accommodate numerous companies. However, no company signage or related information for Quality Oil & Gas Pte Ltd was found on the exterior of the building.

The surveyor entered the building lobby and, after explaining their purpose to the security guard, was granted permission to enter.

However, upon arriving at the corresponding address, it was discovered that it belonged to another company, with no clear signage indicating Quality Oil & Gas Pte Ltd's office space. Since it was not actually the location of the said company, the field investigator could not enter the premises, making it impossible to photograph the reception area or the company logo. Additionally, the office space was not a shared workspace.

Through the public areas, it is impossible to observe the internal environment and other conditions of the company. The overall situation does not match its claimed positioning.

Therefore, after on-site verification, it was confirmed that the dealer Quality Oil & Gas Pte Ltd does not exist at the above address.

Conclusion

As planned, the field investigator visited the forex broker Quality Oil & Gas Pte Ltd in Singapore. However, 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 used as the final basis for decision-making.