Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s. With the continuous rise of Singapore's status as a financial center, its forex market has become one of the key trading hubs in the Asia-Pacific region, thanks to its efficient trading mechanisms, diversified trading products, and stringent regulatory framework. 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 as planned to Singapore to visit the forex broker OTC Global Holdings. According to public information, its office address is 8 Marina Boulevard #08 - 03, MBFC Tower 1 Singapore 018981.

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 OTC Global Holdings.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer OTC Global Holdings claimed to be located at 8 Marina Boulevard #08 - 03, MBFC Tower 1 Singapore 018981.

The inspection personnel successfully arrived at MBFC Tower 1, located in Singapore's bustling financial district. The surrounding area is prosperous with a strong commercial atmosphere, making it one of the best office buildings in Singapore. The map location is very luxurious, and the building houses large financial companies. However, no signage or relevant information about the company was found outside the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter the building.

However, no signage of the company was found inside the building. Due to the lack of specific guidance information about the company, it was impossible to reach the target floor (08th floor) to confirm the exact location of the company. Consequently, it was also impossible to determine whether there were any obvious signs or security measures in the company's office area, let alone enter the company's premises. Additionally, no photos of the reception desk or its logo could be taken. The office was not a shared workspace.

Since we were unable to enter the company premises, we could not observe the internal office environment. Overall, the actual experience of this on-site visit was that although we reached the building, there was no directory board, and there was no way to go upstairs to confirm whether the company was present.

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

Conclusion

As planned, the on-site investigator visited the forex broker OTC Global Holdings in Singapore. However, no information such as the company name of the broker was found at its 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 views are for reference only and should not be used as the final basis for selection.