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 center, it boasts a strategic geographical location, bridging the European and American markets, with trading hours covering the major global financial markets. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker Zhongtai International in Singapore as planned. According to public information, its office address is 30 Cecil Street, #28 - 01/02/03 Prudential Tower, Singapore (049712).

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 dealer Zhongtai International purportedly located at 30 Cecil Street, #28 - 01/02/03 Prudential Tower, Singapore (049712).

The inspection personnel successfully arrived at Prudential Tower, which is located in Singapore's bustling business district with a vibrant surrounding environment and strong commercial atmosphere. No company signage or related information was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security guard. After a brief communication, they obtained permission to enter the building. Once inside, they found the company's information on the directory board. However, during the conversation with the receptionist, they were informed that the company had already moved out.

Due to the inability to reach the target floor (28th floor), it was not possible to confirm whether there are clear signs or security measures in the specific office area of Zhongtai International. The field survey personnel were unable to enter the company's interior and could not photograph the reception area or the logo at the front desk. This office is not a shared workspace.

Through the lobby area, although it is not possible to see the internal situation of the company, the overall situation does not match its claimed position of still operating here.

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

Conclusion

The inspection team visited the forex broker Zhongtai International in Singapore as planned. No signs of actual operation were found at the publicly displayed business address, indicating the broker lacks a genuine operational presence. Investors are advised to make informed decisions after comprehensive consideration.

Disclaimer

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