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 a key international financial hub, Singapore's forex market is characterized by active trading, robust regulations, and a high degree of internationalization. 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 proceeded to Singapore as scheduled to visit the forex broker Fx plannet. According to publicly available information, its office address is 12 MARINA BOULEVARD, TOWER 3, #17-01 MARINA BAY FINANCIAL CENTRE, SINGAPORE 018982.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, traveled to Singapore following a meticulous plan. Based on the aforementioned information, they conducted an on-site visit to the dealer Fx plannet.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claimed to be located at 12 MARINA BOULEVARD, TOWER 3, #17-01 MARINA BAY FINANCIAL CENTRE, SINGAPORE 018982 Fx plannet.

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 area with a luxurious surrounding environment and a strong commercial atmosphere. The building boasts an excellent map location and is occupied by large financial companies. However, no company logo or related information of Fx plannet was found on the exterior of the building.

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

After entering the building, the company's nameplate Fx plannet was not found inside. Due to the lack of relevant guidance and the inability to confirm the exact location, the inspection personnel could not reach the target floor (17th floor) to verify the company's specific position, thus failing to enter the company's premises. Additionally, they were unable to photograph the reception area or its logo, and the office space was not a shared workspace.

Since access to the company's interior was not possible, the internal environment could not be observed even through the lobby area. Overall, although the building conditions are excellent, no obvious traces of the company were found either inside or outside the building, which does not match the expectations of the on-site inspection team.

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

Conclusion

The on-site investigator visited the foreign exchange dealer Fx plannet in Singapore as planned. The dealer's company name and other information were not found at the publicly displayed business address, indicating that the dealer does not have a genuine operational 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 decision-making.