Purpose

The Singapore foreign exchange market emerged in the 1970s alongside the rise of the Asian dollar market. It is one of the world's major foreign exchange trading centers, characterized by flexible trading hours, a wide variety of trading instruments, and a diverse range of market participants. To help investors or practitioners gain a more comprehensive understanding of foreign exchange brokers in this region, the on-site inspection team visited Singapore for a field investigation.

Process

The on-site investigation team, as planned, visited the foreign exchange broker in Singapore Kin Fong. According to public information, their office address is 50 Collyer Quay #04 - 03 OUE Bayfront Singapore.

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 Kin Fong.

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

The on-site inspector successfully arrived at OUE Bayfront, located in a bustling area of Singapore with a vibrant surrounding environment and a strong commercial atmosphere. No company signage or related information was found on the exterior of the building.

The field investigator entered the building lobby and explained the purpose of the visit to the security personnel. After communication, permission to enter was granted.

Since the company's signage could not be found, it was impossible to confirm the specific floor, and thus, the target floor could not be reached to verify the office area situation of Kin Fong. Additionally, there was no company signage inside the building, nor was there any company logo either inside or outside the building. As it was impossible to confirm the exact location, access to the company's interior was not possible, naturally preventing the capture of the reception area and its logo. Moreover, the office in question is not a shared workspace.

The on-site inspector arrived at this office building, which is considered the most luxurious in Singapore, but found no information about the company on the building's directory. The overall situation does not align with the company's claim of having an office address here.

Therefore, after on-site verification, it was confirmed that the dealer Kin Fong does not exist at the aforementioned address.

Conclusion

The field investigator proceeded to Singapore as planned to visit the forex brokerKin Fong. At the publicly displayed business address, no information such as the company name of the broker was 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 used as the final basis for decision-making.