Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian dollar market. With its advantageous geographical location, stable political environment, and advanced 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 proceeded to Singapore as scheduled to visit the forex broker Index Global. According to publicly available information, its office address is 50 Raffles Place L19 & L30, Singapore 048623.

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 dealer Index Global.

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 50 Raffles Place L19 & L30, Singapore 048623 Index Global.

The inspection personnel successfully arrived at the target building, which is located in a bustling area of Singapore with a clean surrounding environment and a strong commercial atmosphere.

The exterior of the building was captured in a panoramic shot, and the building's directory was also visible, but no information related to Index Global was found on the directory.

The survey personnel entered the building lobby and, after explaining their purpose to the security guard, obtained permission to enter.

However, since the specific location on the target floor could not be confirmed, the inspectors were unable to reach the intended level. As a result, it was impossible to determine whether Index Global's office area had clear signage or security measures, let alone gain access to the interior. Additionally, they could not photograph the reception desk or its logo, and the office in question was not a shared workspace.

Since access to the company's interior is not possible, the internal office environment, including the layout, decoration style, and employee activities, cannot be observed through glass doors or other means. Therefore, it is impossible to determine whether the overall situation aligns with the company's claimed positioning.

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

Conclusion

The on-site inspection team visited the forex broker Index Global in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker could be found, indicating that the broker does not have a genuine business premises. 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.