Purpose

The Singapore foreign exchange market, which developed in the 1970s, is a significant Asian forex market. Leveraging its advantageous geographical location, stable political environment, and sound financial regulatory system, it rapidly became one of the important global hubs for foreign exchange trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the foreign exchange broker Global FT Market in Singapore as planned. According to public information, its office address is No.51, The Signature Building, Changi Business Park Central 2, No.04-05, The Signature, Singapore - 486066.

 A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, traveled to Singapore according to a well-planned schedule. They conducted a physical inspection of the broker Global FT Market, which claims to be located at No.51, The Signature Building, Changi Business Park Central 2, No.04-05, The Signature, Singapore - 486066.

The inspectors successfully arrived at the target building, which is located within a technology industrial park in Singapore. The surrounding environment is tidy, with a strong commercial atmosphere. However, no signage or relevant information of the company was found on the exterior of the building.

The inspectors entered the building lobby. After stating their purpose to the security personnel, they were alllowed to enter. However, upon entering the building, they discovered that photography was not allowed, and there was no directory information about Global FT Market within the office building. Furthermore, the company had not publicly disclosed its floor information.

As it was impossible to confirm the specific floor and location, the inspectors were unable to reach the target floor and consequently could not confirm the company's specific office area. They were also unable to photograph the reception area and logo of Global FT Market. The office was also not a shared workspace.

As they could not enter the interior, the inspectors were unable to observe the internal environment of the company through public areas. Overall, this situation does not align with the positioning claimed by the broker.

Therefore, after the on-site inspection, it was confirmed that broker Global FT Market does not exist at the aforementioned address.

Conclusion

The on-site inspection team proceeded as planned to Singapore to conduct a physical visit to the forex broker Global FT Market. At its public business address, no information, such as the company name of this broker, could be seen, 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 views are for reference only and should not be used as the sole basis for final choice.