Purpose

The Singapore foreign exchange market emerged as a significant international forex market in the 1970s alongside the rise of the Asian dollar market. Its strategic geographical location places it within a crucial global forex trading time zone, bridging the Tokyo and London forex markets, ensuring continuous trading hours and high market liquidity. 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 Bullxmarkets in Singapore as planned. According to public information, its office address is 43 Raffle Quay, Singapore.

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 brokerage firm Bullxmarkets.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader Bullxmarkets allegedly located at 43 Raffle Quay, Singapore.

The inspector successfully arrived at the target building, which is located in a specific area of Singapore. However, upon reaching the corresponding building at the navigated location, it did not appear to be an office building. In terms of the surrounding environment, the office space claimed by the company was non-existent, lacking the commercial atmosphere expected for a forex trading firm. On the exterior of the building, no company signage or related information for Bullxmarkets was found.

The field investigator attempted to enter the building lobby but was unable to obtain access permission. Although they could reach the specific floor and confirm the exact location, no obvious signage or security measures for Bullxmarkets's office area were found on the target floor. Due to the inability to enter the interior, it was not possible to photograph the reception desk or its logo, and the office space was not a shared workspace.

Through the public areas of the building, it was not possible to observe the internal environment, decoration style, or employee activities of the company due to the prohibition of photography inside. Overall, it was impossible to determine whether it aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker Bullxmarkets 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 careful consideration.

Disclaimer

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