Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian dollar market. Leveraging its strategic geographical location, advanced financial infrastructure, and open policy environment, it has become one of the world's key forex trading hubs. 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 investigation team visited the forex broker OANDA in Singapore as planned. According to public information, its office address is 1 Raffles Place #26 - 02, One Raffles Place Tower 1 Singapore 048616. 

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. Based on the aforementioned information, they conducted an on-site visit to the broker OANDA.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader claiming to be located at 1 Raffles Place #26 - 02, One Raffles Place Tower 1 Singapore 048616OANDA.

The inspection personnel successfully arrived at One Raffles Place Tower 1, located in a bustling area of Singapore with a vibrant surrounding environment and strong commercial atmosphere. Although no company signage was found outside the building, upon entering, the company's directory board was visible inside, containing information related to OANDA.

The on-site inspector entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter the lobby.

Due to strict security measures, the on-site inspectors were unable to reach the target floor, the 26th floor, to confirm the specific location, and thus could not enter the office area of OANDA. This office area is not a shared workspace, but the inspectors were unable to photograph the reception desk and its logo.

Through the lobby area, the inspectors were unable to observe the internal environment of the company because they were not allowed to enter. However, the building they arrived at is one of the most luxurious office buildings in Singapore, and judging from the overall condition of the building, it still has a certain level of strength.

Therefore, after the on-site inspection, it was confirmed that the dealer OANDA exists within the building corresponding to the above address.

Conclusion

The on-site investigator visited the foreign exchange dealer in Singapore as plannedOANDA, and saw the company information of the dealer in the building corresponding to its publicly displayed business address, indicating that the dealer has a genuine business 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.