Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian Dollar Market. It is one of the world's significant forex trading centers, characterized by flexible trading hours, a rich variety of trading products, and a diverse range of market participants. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Singapore to conduct field visits.

Process

The on-site inspection team visited the forex broker CAPITAL RAISERS TRADE in Singapore as planned. According to public information, its office address is 5a Marina Boulevard, Tower 3, Marina Bay Financial Centre, Singapore 018982.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded according to a well-planned schedule to the target area in Singapore to conduct a physical inspection of the broker CAPITAL RAISERS TRADE claiming to be located at 5a marina boulevard, tower 3, marina bay financial centre, singapore 018982.

The on-site inspectors successfully arrived at the target building, which is located in the most central area of Singapore, surrounded by a bustling environment and a strong commercial atmosphere. However, no signal or relevant information of the company was found on the exterior of the building.

The one-site inspectors entered the building lobby and explained their purpose to the security guard. After communication, although permission was granted to enter the lobby, due to the lack of an appointment, the front desk could not provide further information and did not allow access to the upper floors.

The plan to reach the target floor was unsuccessful. The on-site inspectors could not confirm whether there were clear signs or security measures in the company's office area. Due to the lack of an appointment, the personnel could not enter the interior, nor could they photograph the reception area or its LOGO. The office was also not a shared workspace.

From the lobby, the on-site inspectors could not observe the internal environment of the company, leaving the overall situation unclear.

Therefore, after the on-site verification, it was confirmed that the broker CAPITAL RAISERS TRADE does not exist at the aforementioned address.

Conclusion

The on-site inspectors visited the forex broker's publicly displayed business address in Singapore as planned, but was unable to see any information such as the broker's company name at the location, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the sole basis for making a final decision.