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 variety 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 RoyalsReturns in Singapore as scheduled. According to public information, its office address is 65 ORIOLE CRESCENT, RAFFLES PARK, SINGAPORE - 288656.

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 claiming to be located at 65 ORIOLE CRESCENT, RAFFLES PARK, SINGAPORE - 288656RoyalsReturns.

The inspector successfully arrived at the target location, which is situated in a villa area. The surrounding environment is quiet, primarily a residential neighborhood with minimal commercial activity. No signage or relevant information about the company was found throughout the entire area.

Since this address is a residential building, there is no lobby, making it impossible to state your purpose to security or staff and gain entry permission.

Since access to the relevant building was not possible, there was no situation of reaching the target floor, nor were there any obvious signs or security measures for the RoyalsReturns office area. As the address was not a commercial location, the field investigator could not enter to observe the internal situation, and the address was not a shared office.

Therefore, after on-site verification, it has been confirmed that the dealer RoyalsReturns does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker RoyalsReturns 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 sole basis for final decisions.