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 major forex trading hubs, it features flexible trading hours, diverse market participants, and a wide variety of trading products. 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 as planned to Singapore to conduct a field visit of the forex broker ADMIS. According to publicly available information, its office address is 230 Victoria Street Bugis Junction Towers #11 - 06 Singapore 188024.

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 ADMIS.

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 230 Victoria Street Bugis Junction Towers #11 - 06 Singapore 188024 ADMIS.

The inspector successfully arrived at Bugis Junction Towers, where the full view of the building can be seen from the outside. This location is situated in a bustling area of Singapore, surrounded by a vibrant environment and a strong commercial atmosphere.

The surveyor entered the building lobby and explained their purpose to the security or staff. After communication, they obtained entry permission and found the company directory inside the building. They noticed a company named 'adm,' but were unsure whether it was the same as this ADMIS.

However, due to building regulations, the inspection personnel were unable to reach the target floor (11th floor) and confirm the specific location, thus failing to enter the company's premises. They could not photograph the reception area or the logo at the front desk, and the office in question is not a shared workspace.

Through the public area of the lobby, the on-site inspectors found it difficult to determine whether the overall situation aligns with its claimed positioning.

Therefore, after the on-site inspection, there are doubts about whether the dealer ADMIS exists at the above address.

Conclusion

The on-site inspection team visited the forex broker ADMIS in Singapore as planned. Although relevant signage was found within the building at the publicly displayed business address, doubts remain as to whether it actually belongs to the broker, raising questions about the authenticity of its 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.