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 attracts numerous international financial institutions and investors due to its strategic geographical location, stable political environment, robust financial regulatory framework, and advanced financial infrastructure. To help investors or professionals gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker North Metals in Singapore as scheduled. According to public information, its office address is 28 Biopolis Road, Singapore 138568.

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 North Metals reportedly located at 28 Biopolis Road, Singapore 138568.

The inspector successfully arrived at the target building, which is the office building of Wilmar International, located in a specific area of Singapore. The surrounding environment is generally clean, with an average commercial atmosphere. However, no company logo or related information of North Metals was found on the exterior of the building.

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

Although we entered the building lobby, we did not find the company nameplate of North Metals inside the building. Since the specific floor and location could not be determined, the on-site inspector was unable to reach the target floor to confirm the exact position. Naturally, they could not enter the company's interior, take photos of the reception area or its logo, and the office space was not a shared workspace.

Since access to the company's interior was not possible, it was not feasible to observe the internal office environment and other conditions. After the on-site verification, it was confirmed that the dealer North Metals does not exist at the aforementioned address.

Conclusion

The inspection team visited the forex broker North Metals in Singapore as planned. 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 location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be considered as the final basis for selection.