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 one of the world's major forex trading hubs, it features flexible trading hours, a diverse range of trading products, and a varied mix of market participants. 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 PVM OIL in Singapore as planned. According to public information, its office address is 50 Raffles Place #41 - 00 Singapore Land Tower Singapore 048623.

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 PVM OIL.

The field investigator proceeded to 50 Raffles Place, Singapore Land Tower, Singapore, based on the address information, to conduct an on-site verification of the dealer PVM OIL claimed to be located at this address.

The surveyor successfully arrived at the Singapore Land Tower, located in the bustling commercial center of Singapore, surrounded by a vibrant environment and a strong business atmosphere. The surveyor captured photos of the building's directory board, but no information related to PVM OIL was found on it.

The surveyor entered the building lobby and explained their purpose to the security personnel. After a brief communication, they obtained permission to enter the building.

However, inside the building, no PVM OIL signage was found in the lobby or other prominent locations. Unable to confirm the company's specific location, the inspection personnel did not reach the target floor, the 41st floor. Since the company's floor location could not even be determined, there was no possibility of entering the company's premises, let alone photographing the reception area or its logo. Additionally, the office space was not a shared workspace.

Through the public areas of the building, the inspectors were unable to observe any situation inside PVM OIL company. The overall situation does not match its claimed positioning of having this office address.

Therefore, after on-site verification, it is confirmed that the dealer PVM OIL does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker PVM OIL 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 comprehensive consideration.

Disclaimer

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