Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s. With the rapid economic growth of the Asia-Pacific region, Singapore has gradually become one of Asia's important forex trading centers, leveraging its advantageous geographical location, well-established financial infrastructure, and open policy environment. 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 Interactive Brokers in Singapore as scheduled. According to public information, its office address is #40-02A, Asia Square Tower 1, 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 Interactive Brokers.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer Interactive Brokers, which claims to be located at #40-02A, Asia Square Tower 1, 8 Marina View, Singapore 018960.

The inspection personnel successfully arrived at Asia Square Tower 1, which is one of the most luxurious office buildings in Singapore, surrounded by a bustling environment and a strong commercial atmosphere. The building's exterior is magnificent and grand. The inspectors captured a panoramic view of the building's directory board, but no company logo or related information of Interactive Brokers was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter the building. However, upon entering, no company signage for Interactive Brokers was found inside the premises.

Due to strict security measures, the on-site survey personnel were unable to reach the target floor (40th floor), and thus could not confirm the specific location of the company. Naturally, they were also unable to enter the company's premises, take photos of the reception area or its logo. Additionally, the office in question is not a shared workspace.

Through the lobby area, the on-site inspectors were unable to observe the internal office environment of the company because they were not allowed to enter at all. The overall situation could not be determined to be consistent with its claimed positioning.

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

Conclusion

As planned, the field investigator visited the forex broker Interactive Brokers in Singapore. However, no information such as the company name of the broker was found at its 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.