Purpose

The Singapore foreign exchange market is an emerging market that developed in the 1970s. Due to its advantageous geographical location and open financial policies, it quickly became one of Asia's important forex trading hubs. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team visited Singapore for field research.

Process

The on-site inspection team visited the forex broker SHARON in Singapore as planned. According to public information, its office address is 60, Paya Lebar Road, Paya Lebar Square, Singapore, 179360.

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 trader SHARON reportedly located at 60, Paya Lebar Road, Paya Lebar Square, Singapore, 179360.

The inspection personnel successfully arrived at the target building, which is located in a relatively prime area of Singapore with a bustling surrounding environment and a strong commercial atmosphere. However, no signage or relevant information of SHARON company was found on the exterior of the building.

The surveyor entered the building lobby, explained their purpose to the security guard, and after a brief communication, obtained permission to enter.

However, upon reaching the building directory, the specific floor could not be determined due to the lack of a detailed address in the listing, and no information about SHARON company was found, making it impossible to reach the target floor. Since the exact location could not be confirmed, the field investigator was unable to enter the company's premises, take photos of the reception area, or capture the logo at the front desk. This office is not a shared workspace.

Through public areas, as it is not possible to enter the interior, the internal environment of the company and other conditions cannot be observed.

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

Conclusion

The on-site investigator visited the forex broker SHARON in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker could be 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 views are for reference only and should not be used as the sole basis for final decisions.