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 the world's fourth-largest forex trading hub, it attracts numerous international financial institutions and investors due to its advantageous geographical location, robust financial infrastructure, and open policy environment. 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 IDS International in Singapore as planned. According to public information, its office address is 4, Leng Kee Road, #08-07 SiS Building Singapore 159088.

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 dealer IDS International purportedly located at 4, Leng Kee Road, #08-07 SiS Building Singapore 159088.

The surveyor successfully arrived at the SiS Building. The surrounding streets are relatively quiet, with a moderate commercial atmosphere. The surveyor took photos of the building's directory board, but no company logo or related information of IDS International was found on the exterior of the building.

The surveyor entered the building lobby and, after stating their purpose to the security personnel, was granted entry permission.

However, upon arriving at the building, it was discovered that the building only had 6 floors, making it impossible to locate the 08th and 07th floors. The on-site inspector inquired with the building's security personnel, who also confirmed this fact and stated that they were unfamiliar with the company IDS International. Due to the inability to access the company's interior through the building's public areas, observations of the internal environment and other conditions of the company could not be made.

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

Conclusion

The on-site inspection team visited the forex broker IDS International in Singapore as planned. However, no information such as the company name of the broker was 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 views are for reference only and should not be used as the sole basis for making a final decision.