Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s. Due to its advantageous geographical location and financial policies, it has become one of Asia's important forex trading centers. 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 Igate Trades in Singapore as planned. According to public information, its office address is 36 Eu Tong Send St,#28 - 164 Soho 18 @ Central, Singapore 0894519.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Singapore. Based on the aforementioned information, they conducted an on-site visit to the broker Igate Trades. The inspection team proceeded to the office building in Central according to the address details, to verify the broker Igate Trades which claimed to be located at 36 Eu Tong Send St, #28 - 164 Soho 18 @ Central, Singapore 0894519.

The field investigator successfully arrived at the office building in Central. Due to the company's absence, no relevant impressions could be gathered regarding the surrounding environment, nor could the commercial atmosphere be assessed. No company signage or related information was found on the exterior of the building. The investigator entered the building lobby and explained their purpose to the security personnel. After communication, permission to enter was granted.

However, no signage for the company was found inside the building. Since the specific floor and location could not be determined, the investigators were unable to reach the target floor. Therefore, there is no information on whether the company's office area has clear signage or security measures. As the investigators could not access the specific floor, they were unable to enter the premises, take photos of the reception desk or its logo, and the office space is not a shared workspace.

Through the public areas of the building, it was impossible to enter the company's premises, and thus, the internal environment, decoration style, employee activities, and other conditions could not be observed. Overall, since the company could not be found, it does not match its claimed office address location. Therefore, after on-site verification, it is confirmed that the broker Igate Trades does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker Igate Trades in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker could be found, indicating that the broker does not have a genuine business premises. 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 selection.