Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s. As one of Asia's key financial centers, it features a wide variety of trading products, flexible trading hours, and high market transparency. 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 BestBull in Singapore as planned. According to public information, its office address is 135A Bishan Street 12, Singapore.

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 BestBull.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claiming to be located at 135A Bishan Street 12, Singapore BestBull.

The field investigator successfully arrived at the target location, only to find that it was not the expected office space. The address corresponded to a parking lot, surrounded by a residential area with no signs of office-related activities and almost no commercial atmosphere. No company signage or relevant information was found outside the building—in fact, there was no so-called building at all.

Since the address is a parking lot and there is no company building, it is impossible to enter the first floor or lobby of the building. There are also no procedures such as stating your purpose to security or staff, registering for communication, or obtaining entry permission.

Since there is no company building, it is impossible to reach the target floor, let alone a BestBull office area. There are no clear signs or security measures, and entry to the interior is not possible. Additionally, it is not allowed to photograph the reception desk or its logo, and the address is not a shared office space.

Through the surrounding environment, it can be seen that this place completely does not match its claimed office address location.

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

Conclusion

The on-site investigator visited the forex broker BestBull in Singapore as planned. The broker's company name and other information were not found at the publicly displayed business address, indicating that the broker does not have a genuine operational location. Investors are advised to make their choices after careful consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for decision-making.