Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s. Due to its advantageous geographical location, it connects the two major forex markets of New York and London, making it one of the key hubs for global forex trading. 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 IG in Singapore as scheduled. According to public information, its office address is 9 BATTERY ROAD #01-02 MYP CENTRE 049910.

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 IG.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader IG who claimed to be located at 9 BATTERY ROAD #01-02 MYP CENTRE 049910.

The inspection personnel successfully arrived at MYP CENTRE, which is located on the busiest street in Singapore, surrounded by a bustling environment and a strong commercial atmosphere. Inside the building, the company's water signage and logo were found.

The survey personnel entered the building lobby and, after explaining their purpose to the security guard, obtained permission to enter.

Although the broker claimed its office was located on the first floor of the building, the on-site investigator found a notice at the entrance indicating that the office had moved elsewhere. They were unable to access the specific floor or confirm its exact location, nor could they enter the company premises. Since access to the company was not possible, no photos of the reception area could be taken, and the office was not a shared workspace.

Through the glass door, the internal situation cannot be observed, making it impossible to assess the company's actual office environment. The overall condition does not align with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker IG in Singapore as planned. However, no actual office operation was observed 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 opinions are for reference only and should not be considered as the final basis for decision-making.