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 attracts numerous international financial institutions and investors due to its strategic geographical location, stable political environment, robust financial regulatory framework, and advanced financial infrastructure. 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 DCFX in Singapore as planned. According to public information, its office address is 10 MARINA BOULEVARD #10 - 03 MARINA BAY FINANCIAL CENTRE TOWER 2 018983.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, traveled to Singapore according to a well-planned schedule. Based on the aforementioned information, they conducted an on-site visit to the dealer DCFX.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer DCFX claimed to be located at 10 MARINA BOULEVARD #10 - 03 MARINA BAY FINANCIAL CENTRE TOWER 2 018983.

The inspection personnel successfully arrived at the target building, which is one of the best office buildings in Singapore, located in the bustling financial center. The surrounding area is clean, prosperous, and has a strong commercial atmosphere. The location on the map is very prestigious, with large financial companies occupying the building. However, no company signage or related information for DCFX was found on the exterior of the building.

The survey personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter.

Although we entered the lobby of the building, we did not find the company's nameplate DCFX inside. Due to the lack of relevant guidance and no prior appointment, the field investigator was unable to reach the specific floor to confirm the company's exact location, and thus could not enter the company's premises. Additionally, we were unable to photograph the reception desk or its logo, and the office space was not a shared workspace.

Since access to the company's interior was not possible, the internal office environment could not be observed. The overall situation does not align with the positioning it claims to potentially have.

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

Conclusion

The on-site investigator visited the forex broker DCFX 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 opinions are for reference only and should not be considered as the final basis for decision-making.