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 major forex trading hubs, it features flexible trading hours, a diverse range of trading products, and a variety of market participants. 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 Vandera in Singapore as planned. According to public information, its office address is 1 George St, Level 10, Singapore 049145.

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 dealer Vandera.

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 1 George St, Level 10, Singapore 049145Vandera.

The inspection personnel successfully arrived at the target building, which is located in a bustling area of Singapore with a lively surrounding environment and a strong commercial atmosphere. No company signage or related information for Vandera was found on the exterior of the building, but the building's directory board was photographed.

The survey personnel entered the building lobby and explained their purpose to the security guard. After communication, they were unable to obtain permission to enter.

According to the building directory, the target floor, the 10th floor, is a local shared office space. Due to the inability to enter the building, we could not reach the target floor to confirm the specific location of Vandera, nor could we observe any obvious signage or security measures for the company's office area. Access to the interior was not possible, and we were unable to photograph the reception desk or its logo.

Through the building lobby, the internal environment of the company cannot be observed, and the overall situation remains unknown.

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

Conclusion

The on-site investigator visited the forex broker Vandera 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 opinions are for reference only and should not be considered as the final basis for decision-making.