Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s as Singapore became a global financial center. Leveraging its strategic geographical location, stable political environment, and advanced financial infrastructure, Singapore has emerged as one of Asia's key forex trading hubs. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an inspection team conducted on-site visits in Singapore.

Process

The on-site inspection team visited the forex broker Aronex in Singapore as planned. According to public information, its office address is 60 PAYA LEBAR ROAD #07 - 39 PAYA LEBAR SQUARE SINGAPORE (409051).

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 broker Aronex claiming to be located at 60 PAYA LEBAR ROAD #07 - 39 PAYA LEBAR SQUARE SINGAPORE (409051).

The inspector successfully arrived at Paya Lebar Square, which is located on a relatively bustling street in Singapore. The office building enjoys a prime location right next to the MRT station, surrounded by a vibrant environment and a strong commercial atmosphere. However, no signage or relevant information related to Aronex 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.

Although access to the building was possible, no information about Aronex was found on the directory inside. The corresponding positions 07-39 were occupied by another company. Since this floor was the office area of other companies, the surveyor could not enter the interior, nor could they photograph the reception desk or its logo. Additionally, this office area was not a shared workspace.

Through public areas, as access to the interior was not possible, the internal environment of the company could not be observed. Overall, no Aronex office environment matching its claimed positioning was found.

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

Conclusion

The on-site investigator visited the forex broker Aronex in Singapore as planned. 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 views are for reference only and should not be used as the sole basis for final decision-making.