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 boasts advantages such as a favorable time zone, diverse trading products, and stringent financial regulation. 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 BestFX in Singapore as planned. According to public information, its office address is Besstpoint Capital House Ltd, PTE LTD Prudential Tower, Singapore.

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 dealer Global BestFX reportedly located at Besstpoint Capital House Ltd, PTE LTD Prudential Tower, Singapore.

The field investigator successfully arrived at Prudential Tower, where the surrounding area boasts a strong commercial atmosphere and clean streets. However, no company signage or related information for Global BestFX was found on the exterior of the building.

The surveyor entered the building lobby and, after explaining their purpose to the security personnel, obtained permission to enter. However, no signage information for the company was found inside the building.

Due to the inability to obtain specific floor information about the company's location, the on-site inspector could not reach the target floor to confirm the exact position. Consequently, it was impossible to determine whether the company's office area had clear signage or security measures, let alone gain access to the interior. Additionally, this office is not a shared workspace.

Through the lobby, the on-site inspectors were unable to observe the internal environment of the company. Overall, upon arriving at the current building, no relevant company signage information was visible, which did not meet the expectations prior to the on-site inspection.

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

Conclusion

The on-site investigator visited the forex broker Global BestFX 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.