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 has attracted numerous international financial institutions and investors due to its strategic geographical location, robust financial infrastructure, and open policy environment. 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 visited the forex broker KVB Global in Singapore as planned. According to public information, its office address is 10 Collyer Quay, Ocean Financial Centre, Level 37, Singapore 049315.

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 KVB Global.

The field investigator proceeded to Ocean Financial Centre based on the address information to conduct an on-site verification of the dealer claiming to be located at 10 Collyer Quay, Ocean Financial Centre, Level 37, Singapore 049315 KVB Global.

The on-site inspector successfully arrived at Ocean Financial Centre, located in one of Singapore's most bustling areas. The surroundings are filled with towering buildings, a strong commercial atmosphere, busy streets, and bustling crowds. This is one of Singapore's most prosperous office buildings. The inspector captured photos of the building's directory board, but the information for KVB Global company was not listed on it.

The surveyor entered the building lobby and, after explaining their purpose to the security personnel, was granted entry permission. However, when attempting to proceed to the target floor (37th floor), they were unable to reach the specific level for certain reasons, thus failing to confirm the exact location of the company.

In this case, the field investigator was unable to photograph the reception area and its logo, and the office was not a shared workspace. Since access to the company's interior was denied, the investigator could not observe the internal office environment, receiving only a 'no entry allowed' response. Overall, the observed situation does not align with the trader's claimed operational presence at this address.

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

Conclusion

The on-site investigator visited the forex broker KVB Global 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 considered as the final basis for decision-making.