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 attracts numerous international financial institutions to conduct business here, thanks to its strategic geographical location, robust financial system, and advanced technological infrastructure. 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 OrbiMount in Singapore as planned. According to public information, its office address is 143 Cecil St, Singapore 069542, Singapore.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Singapore to conduct an on-site verification of the trader OrbiMount reportedly located at 143 Cecil St, Singapore 069542, Singapore.

The inspection personnel successfully arrived at the target building, which is located in a bustling area of Singapore with a vibrant surrounding environment and strong commercial atmosphere. No signage or relevant information of the company was found on the exterior of the building.

The surveyor entered the building lobby, stated their purpose to the security guard, and was granted entry permission.

Although the directory board was photographed inside the building, no company information or logo of OrbiMount was found on it. Due to the inability to obtain specific floor details, the investigators could not reach the exact floor or confirm the precise location, thus failing to enter the company's premises. This is not a shared office space.

Through the building lobby, the on-site inspector could not observe the internal environment of the company, making it impossible to determine whether the overall situation aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker OrbiMount in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker was found, 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 decision-making.