Purpose

The Singapore foreign exchange market is an emerging market that developed in the 1970s. As one of Asia's important financial centers, it 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 the region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker FusionLots in Singapore as planned. According to public information, its office address is 1 HarbourFront Ave, Singapore 098632, 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 trader FusionLots claiming to be located at 1 HarbourFront Ave, Singapore 098632, Singapore.

The field investigator successfully arrived at the target area, where several buildings are located nearby. Most of these buildings lack water signs and do not display detailed addresses. The surrounding environment is relatively bustling with a strong commercial atmosphere. However, no company logos or related information were found on the exteriors of these buildings.

The surveyor entered the building lobby and, after explaining their purpose to the security personnel, was granted access permission.

Due to the lack of a detailed address, the surveyor was unable to determine the target floor or the specific location. As a result, the surveyor could not enter the interior, nor could they photograph the reception area or the logo at the reception. This office space is not a shared workspace.

Through the lobby area of the building, the on-site inspector could not observe the internal environment of the company, making it impossible to determine whether it aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker FusionLots 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 used as the final basis for decision-making.