Purpose

The Singapore foreign exchange market is an emerging forex market that developed following the rise of the Asian dollar market in the early 1970s. It is now the fourth-largest forex trading center globally. 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 Global Prime Treasury PTE. LTD in Singapore as planned. According to public information, its office address is Golden Agri Plaza, 108 Pasir Panjang Road, Singapore 118535.

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 Global Prime Treasury PTE. LTD reportedly located at Golden Agri Plaza, 108 Pasir Panjang Road, Singapore 118535.

The inspector successfully arrived at Golden Agri Plaza, which is located in a specific area of Singapore with an ordinary surrounding environment. No company logo or related information of Global Prime Treasury PTE. LTD was found on the exterior of the building.

The inspector arrived in front of the building and attempted to enter the lobby, but was unable to obtain permission to enter.

Since access to the building is not possible, it is also impossible to reach the target floor to confirm whether the company's office area has clear signage or security measures, nor can one enter the interior, take photos of the reception desk and its logo, and there is no situation of a shared office space.

Ultimately, due to the inability to enter the building and observe the internal environment of the company, it was confirmed after the on-site inspection that the dealer Global Prime Treasury PTE. LTD does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker Global Prime Treasury PTE. LTD in Singapore as planned, but found no information such as the company name at the publicly displayed business address, indicating that the broker does not have a genuine operational premises. 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 final basis for decision-making.