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, robust financial infrastructure, and open financial policies, it quickly became one of the world's key forex trading hubs. 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 proceeded as planned to visit the foreign exchange broker CGS - CIMB in Singapore. According to publicly available information, their office address is 10 Marina Boulevard #09 - 01 Marina Bay Financial Centre Tower 2, Singapore 018983.

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. Based on the aforementioned information, they conducted an on-site visit to the broker CGS - CIMB.

The on-site inspector proceeded to the target area based on the address information to conduct a physical verification of the claimed location of the dealer CGS - CIMB at the aforementioned address.

The inspection personnel successfully arrived at Marina Bay Financial Centre Tower 2, located in Singapore's bustling financial district with a vibrant surrounding environment and strong commercial atmosphere. This is one of Singapore's finest office buildings, boasting a prestigious map location and housing major financial companies. However, no company signage or related information for CGS - CIMB was found on the exterior of the building.

The survey personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter the building.

Although we entered the building, we couldn't confirm the exact floor location due to the absence of CGS - CIMB signage inside the building. As a result, we were unable to reach the target floor to verify the company's specific location, and thus couldn't determine whether its office area had clear signage or security measures. Since we couldn't access the specific floor, naturally, we couldn't enter the company's premises, nor could we photograph the reception area and its logo. Additionally, the office was not a shared workspace.

Since access to the company's interior is restricted, it's impossible to observe the internal office environment, and whether the overall setup aligns with its claimed positioning remains unknown.

Therefore, after on-site verification, it has been confirmed that the broker CGS - CIMB does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the foreign exchange dealer CGS - CIMB in Singapore as planned. At the publicly displayed business address, no information such as the company name of the dealer was found, indicating that the dealer does not have a genuine business 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.