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 the world's fourth-largest forex trading hub, it has attracted numerous international financial institutions and forex brokers to operate here, thanks to its advantageous geographical location, stable political environment, robust financial regulatory system, and advanced financial infrastructure. 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 visit the forex broker Henderson Palmer in Singapore. According to publicly available information, its office address is 138 Market St, #06-01 CapitaGreen, Singapore 048946.

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 Henderson Palmer.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claiming to be located at 138 Market St, #06-01 CapitaGreen, Singapore 048946.Henderson Palmer

The inspection personnel successfully arrived at CapitaGreen, a premium office building located in the heart of Singapore's bustling central business district, surrounded by a vibrant commercial atmosphere. However, no company signage or related information for Henderson Palmer was found on the exterior of the building.

The survey personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter the building.

Inside the building, a thorough search failed to locate the company's nameplate. Due to strict security measures, we were unable to reach the target floor (06th floor), thus could not confirm the company's exact location or gain access to its interior. Additionally, we were unable to photograph the reception area or its logo, and the office was not a shared workspace.

Through the lobby area, as it was not possible to enter the company's interior, the internal environment and other conditions of the company could not be observed, making it impossible to judge whether it aligns with its claimed positioning as a whole.

Therefore, after on-site verification, it was confirmed that the dealer Henderson Palmer does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Henderson Palmer in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker could be 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.