Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian Dollar Market. Leveraging its strategic geographical location, stable political environment, and robust financial infrastructure, Singapore has become one of Asia's key forex trading hubs. 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 Freepoint in Singapore as planned. According to public information, its office address is 8 Marina View #35 - 05 Asia Square Tower 1 Singapore 018960.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, traveled to Singapore according to a well-planned schedule. Based on the aforementioned information, they conducted an on-site visit to the dealer Freepoint.

The on-site inspector proceeded to the target area based on the address information to conduct a physical verification of the dealer claiming to be located at 8 Marina View #35 - 05 Asia Square Tower 1 Singapore 018960 Freepoint.

The inspection personnel successfully arrived at Asia Square Tower 1, which is located in a bustling area of Singapore with a vibrant surrounding environment and a strong commercial atmosphere. This is one of the most luxurious office buildings in Singapore.

The field investigator captured photos of the building's directory. However, no company logo or related information of Freepoint was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After communication, although they were granted permission to enter the lobby, due to strict security measures, they were not permitted to go upstairs.

Since the target floor (35th floor) was inaccessible, the on-site inspector could not confirm whether there were clear signs or security measures in the Freepoint office area, nor could they enter the interior. Naturally, they were unable to photograph the reception area or the logo at the front desk. Additionally, this office is not a shared workspace.

Through the lobby area, the on-site inspectors were unable to observe the internal environment of the company and other conditions, making it impossible to determine whether it aligns with its claimed positioning as a whole.

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

Conclusion

The on-site investigator visited the forex broker Freepoint in Singapore as planned. The broker's company name and other information were not found at its publicly displayed business address, indicating that the broker does not have a genuine operational location. Investors are advised to make their choices after careful consideration.

Disclaimer

The above content and opinions are for reference only and should not be considered as the final basis for decision-making.