Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s. It is one of the important hubs for global foreign exchange trading. Leveraging its superior geographical location, stable political environment, and comprehensive financial regulatory system, it has attracted numerous international financial institutions and forex brokers to conduct business here. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Singapore for a field visit.

Process

The on-site inspection team visited the forex broker King Forex in Singapore as planned. According to public information, its office address is 1 Maritime Square, #02-122/123 Harbourfront Centre, Singapore 099253.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously safeguard investors, proceeded according to a meticulous plan to the target area in Singapore. They conducted a physical verification of the broker King Forex, which claims to be located at 1 Maritime Square, #02-122/123 Harbourfront Centre, Singapore 099253.

The verification personnel successfully arrived at the target building, located in Singapore's bustling Marina area. The surrounding environment was clean, and the commercial atmosphere was strong. However, no company signage or relevant information for King Forex was found on the exterior of the building.

The verification personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter. On the internal directory board, there was no information for this company.

Upon reaching the target floor, the verification personnel found no signage indicating the office area of King Forex. Inquiring with the front desk security personnel, they stated they had never heard of this company's name. As the specific location could not be confirmed, the verification personnel could not enter the interior and were unable to photograph King Forex's reception area and logo. Furthermore, the office was not a shared workspace.

Through the building's public areas, the verification personnel observed that the corresponding office in this building belonged to DBS Bank. The overall environment did not match the positioning claimed by King Forex.

Therefore, after the on-site verification, it was confirmed that the broker King Forex does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker King Forex in Singapore as planned. At its publicly displayed business address, no information such as the company name of this broker could be seen, indicating that this broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.