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 one of the world's key financial centers, the Singapore forex market is characterized by active trading, strict regulation, and a high degree of internationalization. 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 FLAREGAIN in Singapore as planned. According to public information, its office address is MARINA BAY FINANCIAL CENTRE STRAITS VIEW, SINGAPORE 018984, SINGAPORE.

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 to conduct an on-site verification of the broker FLAREGAIN, which claims to be located at MARINA BAY FINANCIAL CENTRE STRAITS VIEW, SINGAPORE 018984, SINGAPORE.

The inspection personnel successfully arrived at the target building, which is one of the best office buildings in Singapore, located in a bustling financial district with a luxurious surrounding environment and a strong commercial atmosphere. The map location here indicates extreme luxury, and the building is occupied by large financial companies. However, no company logo or related information of FLAREGAIN was found on the exterior of the building.

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

However, no company nameplate of FLAREGAIN was found inside the building, nor was the company's logo visible. Due to the absence of a nameplate and unclear floor information, the on-site inspectors were unable to reach the specific floor and confirm the company's exact location, thus preventing access to the company's interior. Additionally, they failed to capture images of the reception area and its logo. This office space is not a shared workspace.

Through the lobby area, as access to the company's interior was not possible, the on-site investigator could not observe the internal office environment and other conditions. Overall, there is a significant discrepancy between the actual situation and what the broker claimed.

Therefore, after on-site verification, it is confirmed that the broker FLAREGAIN does not exist at the above address.

Conclusion

The on-site inspection team visited the foreign exchange broker FLAREGAIN in Singapore as planned. However, no information such as the company name of the broker was 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 taken as the final basis for decision-making.