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 the world's fourth-largest forex trading hub, it has attracted numerous international financial institutions and forex traders to conduct business there, thanks to its advantageous geographical location, stable political and economic environment, advanced financial infrastructure, and open financial policies. To help investors or professionals gain a more comprehensive understanding of forex traders in the region, an on-site inspection team visited Singapore for field research.

Process

The on-site inspection team visited the forex broker FUHUI FX LIMITED in Singapore as scheduled. According to public information, its office address is Straits View, Singapore 018984 MBFC Building 1.

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 broker FUHUI FX LIMITED.

The field investigator proceeded to MBFC Building 1 based on the address information to conduct an on-site verification of the dealer FUHUI FX LIMITED claimed to be located at Straits View, Singapore 018984 MBFC Building 1.

The on-site inspector successfully arrived at MBFC Building 1, located in a bustling area of Singapore with a vibrant commercial atmosphere. This is one of Singapore's finest office buildings, boasting a prestigious map location and housing major financial companies. However, no signage or relevant information about the company was found on the exterior of the building.

The inspection personnel entered the building lobby and explained their purpose to the security guard. After communication, they obtained permission to enter the lobby. However, the company's directory plate was not found inside the building.

Since the specific floor of the company could not be confirmed, the on-site inspector was unable to reach the exact floor and verify its precise location, nor could they enter the company's premises. Additionally, they failed to take photos of the reception area and the logo at the front desk. This office is not a shared workspace.

Since entry was not permitted, it was impossible to observe the internal office environment of the company, making it difficult to confirm whether the overall situation aligns with its claimed positioning.

Therefore, after on-site verification, it has been confirmed that the dealer FUHUI FX LIMITED does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker FUHUI FX LIMITED in Singapore as planned. The broker's company name and other information were not found at the 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 opinions are for reference only and should not be considered as the final basis for decision-making.