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 pool 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 Velocity Trade in Singapore as planned. According to public information, its office address is 160 Robinson Road #11-08 SBF Center Singapore 068914.

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 Velocity Trade reportedly located at 160 Robinson Road #11-08 SBF Center Singapore 068914.

The inspection personnel successfully arrived at the SBF Center, which is located in a bustling area of Singapore with a vibrant surrounding environment and a strong commercial atmosphere. No company signage or related information was found on the exterior of the building.

The inspector entered the building lobby and stated their purpose to the security personnel. After registration, they were granted entry permission.

Upon arriving at the target floor (11th floor), the field investigator found that there was no clear signage for the office area originally marked as #11 - 08. After further exploration, it was discovered that the company had actually relocated to #11 - 10. At 11 - 10, the office area displayed prominent company signage. Due to reasons such as lack of prior appointment, the investigator was unable to enter the premises. However, the investigator managed to photograph the reception area and its logo, confirming that the office was not a shared workspace.

Through the glass door, the on-site inspector observed that the company's internal office environment was average, and the overall setting basically aligned with its claimed positioning.

Therefore, after on-site verification, it was confirmed that the dealer Velocity Trade exists at the above address, but the actual office location does not match the publicly available information.

Conclusion

The on-site inspector visited the forex broker Velocity Trade in Singapore as planned. The broker's company name and other information were not found at the publicly displayed business address, but relevant details were visible at the actual relocated address. This indicates that the broker has a genuine operational presence, though there is a discrepancy in the address information. 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.