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 has attracted numerous international financial institutions and forex brokers to operate here, thanks to its advantageous geographical location, well-established financial infrastructure, and open policy environment. 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 Metro FX in Singapore as planned. According to public information, its office address is 587 ORCHARD ROAD #09 - 03 LIAT TOWERS, 238881, 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 Metro FX.

The field investigator proceeded to LIAT TOWERS based on the address information to conduct an on-site verification of the trader Metro FX reportedly located at 587 ORCHARD ROAD #09 - 03 LIAT TOWERS, 238881, SINGAPORE.

The inspection personnel successfully arrived at LIAT TOWERS, located on Singapore's bustling Orchard Road, surrounded by a vibrant environment and strong commercial atmosphere. However, no company signage or related information for Metro FX was found on the exterior of the building.

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

Upon arriving at the target floor (9th floor), the field investigator found no clear signage indicating the office area of Metro FX, nor any relevant security measures. Since the company does not exist on this floor at all, the investigator was unable to access the so-called interior. It was impossible to photograph Metro FX's reception area and its logo, and the floor is not a shared office space.

Through the common areas of the floor, the inspectors observed that the office spaces were all occupied by other companies, with no signs of Metro FX. The overall situation does not align with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker Metro FX in Singapore as planned. The broker's company name and other information were not found at the publicly displayed business address, indicating that the broker does not have a genuine operational 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 decision-making.