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 attracts numerous international financial institutions and investors due to its strategic geographical location, stable political environment, robust financial regulatory framework, and advanced financial infrastructure. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, we conducted on-site visits in Singapore.

Process

This issue follows the plan to conduct an on-site visit to a forex broker in SingaporeMonFX. According to publicly available information, its office address is 5 Shenton Way, UIC Building, #10 - 01, Singapore 068808.

A professional and experienced 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 MonFX, which claimed to be located at 5 Shenton Way, UIC Building, #10 - 01, Singapore 068808.

Arrived smoothly at the UIC Building, located in Singapore's bustling financial district, with a clean surrounding environment and a strong commercial atmosphere. However, no company signage or related information of MonFX was found on the exterior of the building.

After entering the lobby of the building, I stated my purpose to the security guard and, after a brief registration, was granted permission to enter the building.

Due to the inability to reach the target floor #10 - 01, it is unclear whether the office area on this floor MonFX has clear signage or security measures. However, upon arriving at the building, it was discovered that the corresponding floor is a shared office space. Since access to the specific floor was not possible, entry into the interior was denied, and photos of the reception area and its logo could not be taken.

Since access to the company's interior is not possible, it is impossible to observe the internal environment, decoration style, and employee activities.

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

Conclusion

As planned, we conducted an on-site visit to the forex broker in Singapore, MonFX, but could not find any information such as the company name at the 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 considered as the final basis for selection.