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 the world's fourth-largest forex trading hub, it bridges the time zones between New York and London, holding significant international financial importance. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker Ginga in Singapore as planned. According to public information, its office address is "Ginga Petroleum (Singapore) Pte Ltd 3 Temasek Avenue #04-01, Centennial Building Singapore 039190".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Singapore to conduct an on-site verification of the trader Ginga claiming to be located at the said address.

The inspector successfully arrived at the Centennial Building, located in Singapore's most luxurious area, surrounded by a bustling environment and a strong commercial atmosphere. No company signage or related information for Ginga was found on the exterior of the building.

The inspector entered the building lobby and explained their purpose to the security guard. Due to the lack of an appointment, permission to go upstairs was not granted.

Although I was able to enter the company lobby, I did not find Ginga's company nameplate inside the lobby, nor did I see the company's logo. Without an appointment, I couldn't proceed to the target floor (04th floor) to confirm Ginga's specific office location, and thus couldn't enter its premises. Additionally, this office area is not a shared workspace.

Through the lobby, it is impossible to observe the internal environment of the company, so it is also impossible to judge whether its overall environment matches its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker Ginga in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker does not have a genuine business premises. 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 decision-making.