Purpose

The Singapore foreign exchange market is an emerging market that developed in the 1970s. Due to its advantageous geographical location and financial policies, it quickly became 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 visited Singapore for field research.

Process

The on-site inspection team proceeded as planned to Singapore to conduct a field visit to the forex broker CGS International. According to publicly available information, its office address is 10 Marina Boulevard, #09-01 Marina Bay Financial Centre Tower 2, Singapore 018983.

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 CGS International.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claiming to be located at 10 Marina Boulevard, #09-01 Marina Bay Financial Centre Tower 2, Singapore 018983.CGS International

The inspection personnel successfully arrived at Marina Bay Financial Centre Tower 2, located in Singapore's bustling financial district. The surrounding area is tidy and prosperous, with a strong commercial atmosphere. This is one of Singapore's finest office buildings, boasting a very luxurious map location, with large financial companies occupying the premises. However, no company signage or related information for CGS International was found on the exterior of the building.

The survey personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter the building.

However, no CGS International water sign was found inside the building. Due to the lack of signage guidance and the inability to determine the exact location, the inspection personnel could not reach the target floor to confirm the company's specific location. As a result, it was impossible to determine whether the company's office area had clear signage or security measures, let alone gain internal access. Additionally, they were unable to photograph the reception desk or its logo, and the office space was not a shared workspace.

Due to the inability to enter the company premises, the field survey personnel were unable to observe the internal environment, decoration style, and employee activities, among other aspects.

Therefore, after on-site verification, it was confirmed that the dealer CGS International does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker CGS International 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 decision-making.