Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s. As one of Asia's key financial centers, its forex market is characterized by active trading, strict regulation, and a high degree of internationalization. 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 PRECISE TRADER in Singapore as planned. According to public information, its office address is 53, Dunlop Street, Singapore 209382.

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 PRECISE TRADER reportedly located at 53, Dunlop Street, Singapore 209382.

The field investigator successfully arrived at the target location. Surprisingly, the address did not correspond to the imagined high-rise building but rather a small bungalow. There were no signs of the company's presence in the surrounding environment, and the area lacked any bustling commercial atmosphere, appearing quite deserted. On the exterior of the small bungalow, no company signage or related information was found. The entire bungalow was closed, and no water signs were visible.

Since the small bungalow was not open and there were no clear entry instructions, it was impossible to enter, making it difficult to confirm the specific company situation. Moreover, this is not a shared office space, so it was even less possible to photograph the reception area or logo. Through the closed door, the interior environment could not be observed.

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

Conclusion

As planned, the field investigator visited the forex broker PRECISE TRADER in Singapore. However, no information such as the company name of the broker was found at its 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 final basis for decision-making.