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, a diverse range of trading products, and a variety of market participants. 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 GroveVisibility in Singapore as planned. According to public information, its office address is 10 OUE Downtown Singapore.

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 GroveVisibility.

The field investigator successfully arrived at the target building, which is located in a bustling area of Singapore with a clean surrounding environment and a strong commercial atmosphere. No company signage or related information was found on the exterior of the building, but a full view of the building was captured.

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

Upon arriving at the target floor, the field investigator noticed clear signage on the floor, but the signage did not contain any information related to GroveVisibility. Due to not obtaining permission to enter the company, the investigator was unable to go inside, could not take photos of the reception area or the reception's logo, and the office was not a shared workspace.

The on-site inspector was unable to observe the internal office environment of the company because access was denied, making it impossible to determine whether the overall situation aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker GroveVisibility in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker 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.