Purpose

The Singapore foreign exchange market, which developed in the 1970s, has become one of Asia's important forex trading centers due to its advantageous geographical location and open financial policies. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker CBCX in Singapore as planned. According to public information, its office address is 151 Chin Swee Road, Manhattan House, 169876, Singapore.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Singapore to conduct an on-site verification of the trader CBCX purportedly located at 151 Chin Swee Road, Manhattan House, 169876, Singapore.

The inspection personnel successfully arrived at Manhattan House, located in a bustling area of Singapore with a lively surrounding environment and strong commercial atmosphere. No company signage or related information of CBCX was found on the exterior of the building.

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

However, upon arriving at the building and checking the directory board, there was no information about CBCX company, nor any floor details listed. As a result, it was impossible to confirm whether the company was located in this building. Without knowing the specific floor, the field investigator couldn't proceed to verify the exact location or enter the company premises. Since it wasn't a shared office space, they were unable to photograph the reception area or the company's logo at the front desk.

Due to the inability to enter the company premises, the internal environment and other conditions of the company could not be observed.

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

Conclusion

The on-site investigator visited the forex broker CBCX 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 sole basis for final decision-making.