Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s. As one of Asia's key financial centers, its forex market is characterized by active trading and strict regulation. 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 LION in Singapore as planned. According to public information, its office address is 3 PHILLIP STREET #15-04 ROYAL GROUP BUILDING 048693.

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 to conduct an on-site verification of the trader LION allegedly located at 3 PHILLIP STREET #15-04 ROYAL GROUP BUILDING 048693.

The inspection personnel successfully arrived at the target building, which is located in a bustling area of Singapore with a vibrant surrounding environment and strong commercial atmosphere. However, no LION company logo or related information was found on the exterior of the building.

The surveyor entered the building lobby but did not find the company listed on the directory. The surveyor explained their purpose to the security personnel, but due to strict security measures in the building, permission to enter was not granted.

The inspector was unable to reach the target floor to confirm the specific location. Communication with the front desk revealed that the company has already moved out. Since access to the company was not possible, photos of the front desk and its logo could not be taken. Additionally, the office is not a shared workspace.

Through the lobby area, the on-site inspector was unable to observe the internal environment of the company, and the overall situation does not match its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker LION in Singapore as planned. 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 sole basis for final decision-making.