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 center, it features flexible trading hours and a diverse range of trading products. 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 inspection team visited the forex broker Zhongtai International in Singapore as planned. According to public information, its office address is 30 Cecil Street, #28-01/02/03 Prudential Tower, Singapore (049712).

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 Zhongtai International reportedly located at 30 Cecil Street, #28-01/02/03 Prudential Tower, Singapore (049712).

The inspection personnel successfully arrived at Prudential Tower, which is located in a bustling area of Singapore with a clean surrounding environment and a strong commercial atmosphere. No company signage or related information was found on the exterior of the building.

The inspector entered the building lobby and stated their purpose to the security personnel. After a brief communication, they were granted permission to enter.

Inside the building, there are company nameplates visible, displaying the name of Zhongtai International. However, when attempting to reach the target floor, the 28th floor, access was restricted for visitors, preventing confirmation of the exact location.

The on-site investigator arrived at the front desk to inquire about the situation, and the front desk staff informed them that the company had moved out last month. Therefore, it was not possible to take photos of the front desk or its logo, and the office was not a shared workspace.

Through the lobby area, as it is not possible to enter the company's interior, the internal environment and other conditions of the company cannot be observed.

Therefore, after on-site verification, it was confirmed that the dealer Zhongtai International does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Zhongtai International in Singapore as planned, but did not observe any actual operational scene at the publicly displayed business address, indicating that the broker lacks a genuine business 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 taken as the final basis for selection.