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 one of the world's key financial centers, the Singapore forex market is characterized by active trading and stringent 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 BI-FINANCE.TECH in Singapore as scheduled. According to public information, its office address is 24 Jurong Hill, 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 trader BI-FINANCE.TECH reportedly located at 24 Jurong Hill, SINGAPORE.

During the site visit to the building, the surveyor found that the only access road was blocked. The location is in a relatively remote suburban area of Singapore, requiring registration for entry. Upon arrival, the surroundings appeared quiet with limited commercial activity. No company signage or related information was found on the exterior of the building.

The field investigator attempted to enter the building, but due to road blockades and other reasons, they were unable to access the premises, let alone explain their purpose to security or staff and complete registration procedures.

Since it was impossible to enter the building, reaching the target floor was out of the question, let alone identifying whether BI-FINANCE.TECH's office area had clear signage or security measures. Consequently, observing the company's internal environment, decor style, or employee activities was also unfeasible.

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

Conclusion

The inspection team visited the forex broker BI-FINANCE.TECH in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker does not have 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 used as the sole basis for making a final decision.