Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian dollar market. Leveraging its strategic geographical location, stable political environment, and advanced financial infrastructure, Singapore has become one of Asia's key forex trading hubs. 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 Longasia in Singapore as planned. According to public information, its office address is 1 KIM SENG PROMENADE #15-02 GREAT WORLD CITY EAST TOWER 237994.

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 Longasia.

The inspection personnel successfully arrived at the target building, which is located in a bustling area of Singapore with a clean surrounding environment and a strong commercial atmosphere. No company signage or related information of Longasia was found on the exterior of the building.

The field investigator entered the building lobby and explained their purpose to the security personnel. After communication, they obtained entry permission. However, no company signage for Longasia was found inside the building, which currently displays the office of vivo, not the company in question. Upon reaching the target floor, the investigator also failed to confirm the specific location of Longasia. 

Due to the inability to determine the exact location, the field survey personnel could not enter the company's premises, nor were they able to photograph the reception area and its logo. The office in question is also not a shared workspace. As access was denied, the internal environment of the company could not be observed, and the overall situation does not align with its claimed positioning.

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

Conclusion

The inspection team visited the forex broker Longasia 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 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.