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 a key international financial hub, Singapore's forex market is characterized by active trading, stringent regulation, and strong financial innovation capabilities. To help investors or practitioners 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 proceeded to Singapore as scheduled to visit the forex broker TRADE4X. According to publicly available information, its office address is Marina Bay Financial Centre Tower 2, 10 Marina Boulevard Singapore 018983.

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 TRADE4X.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer TRADE4X who claimed to be located at Marina Bay Financial Centre Tower 2, 10 Marina Boulevard Singapore 018983.

The inspection personnel successfully arrived at Marina Bay Financial Centre Tower 2, located in Singapore's bustling Marina Bay Financial Centre, surrounded by a vibrant environment and a strong commercial atmosphere. This is one of Singapore's finest office buildings, with an exceptionally prestigious map location, housing major financial companies. However, no company signage or related information for TRADE4X 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.

Although we entered the building lobby, we did not find the directory for TRADE4X inside the building. Since the specific floor location could not be confirmed, the on-site inspector was unable to reach the designated floor and verify the exact position of TRADE4X, and thus could not enter the company premises. Additionally, it was not possible to photograph the reception desk or its logo, and the office was not a shared workspace.

Since access to the company's interior was not possible, and the internal environment of the TRADE4X company could not be observed through the lobby area, overall, no clear evidence was found to confirm the company's presence at this location.

Therefore, after on-site verification, it was confirmed that the dealer TRADE4X does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker TRADE4X 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 decision-making.