Purpose

The Singapore foreign exchange market emerged as a significant Asian forex hub in the 1970s. Leveraging its strategic geographical location, stable political environment, and advanced financial infrastructure, it has become one of the key global centers for foreign exchange trading. To assist investors and professionals in gaining a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted a field visit to Singapore.

Process

The on-site inspection team proceeded as planned to Singapore to conduct a field visit to the forex broker EXP. According to publicly available information, its office address is 50 Collyer Quay #04 - 03 OUE Bayfront Singapore 049321.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Singapore. Based on the aforementioned information, they conducted an on-site visit to the broker EXP.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader claimed to be located at 50 Collyer Quay #04 - 03 OUE Bayfront Singapore 049321 EXP.

The inspection personnel successfully arrived at OUE Bayfront, which is located in a bustling area of Singapore with a vibrant surrounding environment and a strong commercial atmosphere. This is one of the most luxurious office buildings in Singapore, but no company logo or related information was found on the exterior of the building.

The on-site inspector entered the building lobby and explained the purpose of the visit to the security personnel. After communication, permission to enter was granted.

However, no company directory was found inside the building. As it was impossible to obtain the floor information of the company within the building, the inspection personnel were unable to reach the specific floor and confirm the exact location, thus they could not enter the company premises. Additionally, they were unable to photograph the reception area and the logo at the reception. This office is not a shared workspace.

Through the lobby area, as it was not possible to enter the company's interior, the internal office environment could not be observed, and the overall situation remains unknown.

Therefore, after the on-site inspection, it was confirmed that the dealer EXP does not exist at the aforementioned address.

Conclusion

The inspection team proceeded to Singapore as planned to conduct an on-site visit of the forex brokerEXP. At the publicly displayed business address, no information such as the company name of the broker was visible, indicating that the broker does not have a genuine business premises. Investors are advised to make their decisions 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.