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 establish operations there, thanks to its strategic geographical location, stable political environment, robust financial regulatory system, and advanced financial infrastructure. To help investors or professionals gain a more comprehensive understanding of forex brokers in the 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 inspectionAstroFX Trade. According to publicly available information, their office address is Level 2, Cintech Building, 73 Science Park Dr, 118254 Singapore.

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 AstroFX Trade claiming to be located at Level 2, Cintech Building, 73 Science Park Dr, 118254 Singapore.

The team successfully arrived at the target building within the technology park. The surrounding environment is relatively quiet, filled with the unique atmosphere of a tech park, though the commercial vibe is somewhat subdued. No signage or relevant information about the company was found on the exterior of the building.

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

Upon arriving at the target floor, the team found no information related to AstroFX Trade on the building's directory. Without any company signage for guidance, they were unable to confirm the specific office area of the company or obtain permission to enter the premises. They could not photograph the reception desk or its logo, and the floor was not a shared office space.

Through public areas, the team cannot observe any internal situation of the company, making it impossible to determine whether it aligns with its claimed positioning.

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

Conclusion

The team visited the foreign exchange dealer in Singapore as planned, AstroFX Trade, but could not find any information such as the company name at the publicly displayed business address, indicating that the dealer 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 final basis for selection.