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 boasts a superior geographical location, significant time zone advantages, seamless connectivity with European and American markets, a diverse range of trading products, and high market activity. 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 Gemex Holding Corp in Singapore as planned. According to public information, its office address is Unit #31 - 63, Tower 2, 1 Raffles Pl, Singapore 048616.

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 Gemex Holding Corp, which claims to be located at Unit #31 - 63, Tower 2, 1 Raffles Pl, Singapore 048616.

The inspection personnel successfully arrived at the target building, which is located in a bustling area of Singapore. The surrounding environment is clean and prosperous, with a strong commercial atmosphere. This is one of the most luxurious office buildings in Singapore, but no company logo or related information of Gemex Holding Corp was found on the exterior of the building.

The surveyor entered the building lobby, explained their purpose to the security personnel, and after a brief communication, obtained permission to enter. The surveyor photographed the building's directory board, but no information about Gemex Holding Corp was found on it, nor was the company's logo visible.

Since the specific location of the company within the building could not be confirmed, the inspection personnel were unable to reach the target floor, the 31st floor, and thus could not verify its exact position. Naturally, they were also unable to enter the company's premises, take photos of the reception area or its logo, and the office in question was not a shared workspace.

Since it is not possible to enter the company premises, the internal office environment and other conditions cannot be observed.

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

Conclusion

The inspection team visited the forex broker Gemex Holding Corp in Singapore as planned, but found no information such as the company name at the publicly displayed business address, indicating that the broker does not have a genuine operational 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 used as the final basis for selection.