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, stable political environment, robust financial regulatory system, and advanced financial infrastructure. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, our team conducted on-site visits in Singapore.

Process

This month, the team is scheduled to visit a forex broker in Singapore for an on-site inspectionIBIZ. Public records indicate its office address is 966 DUNEARN ROAD #01-01 JARDIN SINGAPORE (589488).

A professional and experienced 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 trader IBIZ purportedly located at 966 DUNEARN ROAD #01-01 JARDIN SINGAPORE (589488).

The team arrived at the location smoothly and found it to be a high-end apartment building with a relatively quiet surrounding environment and average commercial atmosphere. No company logos or related information were discovered externally.

Since this is a high-end apartment building with strict security measures, the team was denied entry permission after explaining their purpose to the security guards.

Since access to this area is not possible, reaching the target floor is also unattainable, let alone photographing the front desk and its logo. Additionally, there is no scenario involving a shared office space.

Through the gate, the team was unable to observe the internal environment and other conditions. Overall, the location does not match the claimed positioning of the dealer's office address.

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

Conclusion

The team visited the foreign exchange broker in Singapore as plannedIBIZ, but failed to find any information such as the company name at the publicly displayed business address, 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 used as the final basis for selection.