Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s. As one of Asia's key financial hubs, it is characterized by active trading, strict regulation, and a high degree of internationalization. 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 Tickcopy in Singapore as scheduled. According to public information, its office address is 21 Merchant Road, Singapore 058267.

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 Tickcopy.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claiming to be located at 21 Merchant Road, Singapore 058267Tickcopy.

The inspection team has successfully arrived at the target building. Due to the absence of the company, it is difficult to accurately describe the surrounding environment or assess the commercial atmosphere. No company signage or related information for Tickcopy was found on the exterior of the building.

The inspection team entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter.

However, due to the inability to reach the specific floor, it was not possible to confirm whether there were clear signs or security measures in the Tickcopy office area. Since the corresponding floor could not be accessed, the on-site inspection team could not enter the interior and failed to photograph the reception area and its logo. It is known that this office space is a shared workspace.

Through the public areas of the building, it is difficult to observe the internal environment, decoration style, employee activities, and other conditions of Tickcopy company due to the inability to enter the company's premises. Overall, since the actual office area of the company could not be located, it does not align with its claimed positioning of having a fixed office address.

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

Conclusion

The on-site inspection team visited the forex broker Tickcopy in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker could be 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 considered as the final basis for selection.