Purpose

The Singapore foreign exchange market, which developed in the 1970s as a key Asian forex hub, has become one of the world's most important centers for forex trading due to its strategic geographical location, robust financial regulatory framework, and open economic policies. To provide investors and professionals with a 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 Waterman Xe in Singapore as planned. According to public information, its office address is 108 Pasir Panjang Rd, Singapore 118535.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Singapore to conduct an on-site verification of the trader claiming to be located at 108 Pasir Panjang Rd, Singapore 118535Waterman Xe.

The inspection personnel successfully arrived at the target building, which is located in a specific area of Singapore. Due to the absence of offices in the vicinity, it is difficult to precisely describe the characteristics of the surrounding environment, and the commercial atmosphere cannot be clearly perceived. No company signage or related information was found on the exterior of the building.

The inspector arrived in front of the building and found it closed with no access. However, the inspector communicated with the security guard, who stated they were unfamiliar with the company Waterman Xe and, due to the lack of a unit number, could not perform further verification. Since entry into the building was impossible, no access permission could be obtained.

Since access to the building is impossible, reaching the target floor is naturally out of the question, making it impossible to determine whether Waterman Xe's office area has clear signage or security measures. Additionally, this office space is not a shared workspace.

It is also impossible to observe the internal environment of the company from the outside, making it difficult to determine whether the overall environment aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker Waterman Xe 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 premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be considered as the final basis for decision-making.