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 the region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker Worldpay x Trading in Singapore as planned. According to public information, its office address is 8 Marina View, Singapore 018960.

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 Worldpay x Trading.

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 8 Marina View, Singapore 018960 Worldpay x Trading.

The inspection personnel successfully arrived at the target building, which is one of the most luxurious office buildings in Singapore, surrounded by a bustling environment and a strong commercial atmosphere. No signage or relevant information of the company was found on the exterior of the building, but the building's directory was photographed.

The on-site inspector entered the building lobby and explained their purpose to the security personnel. After communication, although permission to enter the building was granted, due to strict security measures, they were unable to proceed upstairs to the target floor.

Since the target floor is inaccessible, it is impossible to determine whether there are clear signs or security measures in the Worldpay x Trading office area. Due to strict security protocols, the survey personnel cannot enter the interior, nor can they photograph the reception area or the logo at the front desk. Additionally, this office is not a shared workspace.

Through the lobby, the on-site inspectors were unable to observe the internal environment of the company and other conditions, making it impossible to determine whether it aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker Worldpay x Trading in Singapore as planned. The broker's company name and other information were not found at the publicly displayed business address, indicating that the broker does not have a genuine operational 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.