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 features flexible trading hours, a diverse range of trading products, and a variety of market participants. 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 DRW in Singapore as planned. According to public information, its office address is 8 Marina View, Asia Square Tower 1, Singapore 018960.

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 DRW.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claiming to be located at 8 Marina View, Asia Square Tower 1, Singapore 018960DRW.

The inspector successfully arrived at the target building, which is one of the most luxurious office buildings in Singapore, surrounded by a bustling environment and a strong commercial atmosphere. The water sign was photographed outside the building, but no DRW company logo or related information was found.

The surveyor entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter the building. However, due to strict security measures, the surveyor was unable to reach the specific floor and confirm the exact location, nor could they enter the company's premises.

The on-site inspector was unable to photograph the reception desk and its logo, as this office is not a shared workspace. Through the glass door, access was denied, preventing observation of the internal office environment. Overall, the situation does not align with the company's claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker DRW in Singapore as planned. 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 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 taken as the final basis for decision-making.