Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s. Leveraging its advantageous geographical location, stable political environment, and well-established financial regulatory system, it quickly became one of Asia's important forex trading centers. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker EURONEXT FX in Singapore as planned. According to public information, its office address is 5 Shenton Way UIC Building,#10-01, Suite 1151, Singapore 068808.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, followed a meticulous plan and traveled to the target area in Singapore to conduct a physical verification of the broker EURONEXT FX that claimed to be located at 5 Shenton Way UIC Building,#10-01,Suite 1151, Singapore 068808.

The inspectors successfully arrived at the UIC Building. The location is in the core area of Singapore, with a bustling surrounding environment and a strong commercial atmosphere. However, no company logo or related information of EURONEXT FX was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security personnel. After communication, they were allowed to enter.

Upon reaching  the 10th floor, the inspectors found it to be a shared office space, with no clear signage or security measures for EURONEXT FX. Due to the lack of an appointment and inability to confirm the specific location, the inspectors were unable to enter the interior and could not photograph EURONEXT FX's reception area or logo.

Through the glass doors, the inspectors could not observe the company's internal environment. Overall, it was impossible to confirm whether it matched its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that the broker EURONEXT FX does not exist at the aforementioned address.

Conclusion

The on-site investigator proceeded as planned to visit the forex broker EURONEXT FX in Singapore. At its publicly displayed business address, no information, such as the company name of this broker, could be seen, indicating that the broker does not have a genuine physical business 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 final basis for selection.