Purpose

The Singapore foreign exchange market, which emerged in the 1970s, is a significant Asian forex hub. As the world's fourth-largest forex trading center, it attracts numerous international financial institutions and forex traders due to its strategic geographical location, robust financial infrastructure, and open financial policies. To help investors or professionals gain a more comprehensive understanding of forex traders in this region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker FOREX.com in Singapore as planned. According to public information, its office address is 1 RAFFLES PLACE #18 - 61 ONE RAFFLES PLACE TOWER 2 048616.

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 FOREX.com.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader FOREX.com claimed to be located at 1 RAFFLES PLACE #18 - 61 ONE RAFFLES PLACE TOWER 2 048616.

The inspector successfully arrived at ONE RAFFLES PLACE TOWER 2, located in Singapore's bustling financial district with a vibrant surrounding environment and strong commercial atmosphere. However, no company signage or related information of FOREX.com was found on the exterior of the building.

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

However, no company nameplate of FOREX.com was found inside the building, nor was the company's logo visible. Unable to confirm the specific floor and location, the inspection personnel could not reach the target floor, thus failing to verify whether the company's office area had clear signage or security measures, let alone gaining access to the interior. Additionally, it was impossible to photograph the reception desk or its logo, and the office space was not a shared workspace. The overall situation did not match its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker FOREX.com in Singapore as planned. No information such as the company name of the broker was found at the publicly displayed business address, indicating that the broker does not have a genuine business 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 used as the sole basis for final decisions.