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 has attracted numerous international financial institutions and forex brokers to operate here, thanks to its strategic geographical location, stable political environment, and robust financial regulatory framework. 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 Trade4x in Singapore as planned. According to public information, its office address is 30 CECIL STREET #19-08 PRUDENTIAL TOWER SINGAPORE (049712).

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 Trade4x.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer Trade4x reportedly located at 30 CECIL STREET #19-08 PRUDENTIAL TOWER SINGAPORE (049712).

The inspection personnel successfully arrived at PRUDENTIAL TOWER, which is located in a bustling commercial area of Singapore. The surrounding street environment is average, and the commercial atmosphere is mediocre. No company signage or related information was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security guard. After communication, they were informed that entry into the building was not permitted. The security guard confirmed that the company existed but had recently relocated to a nearby building, though they couldn't recall the exact address.

Due to the inability to enter the building, we could not reach the target floor (19th floor) and thus were unable to confirm whether Trade4x's office area had clear signage or security measures, let alone gain access to the interior. Additionally, we were unable to photograph the reception desk or its logo, and the office in question is not a shared workspace.

Through the lobby of the building, it is impossible to observe the internal environment of the company, and thus one cannot judge whether its overall environment aligns with its claimed positioning.

Therefore, after on-site verification, it has been confirmed that the dealer Trade4x does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Trade4x in Singapore as planned. The broker's company name and other relevant information were not found at the publicly displayed business address, indicating that the broker 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.