Purpose

The Singapore foreign exchange market is an emerging market that developed in the 1970s. Due to its advantageous geographical location and financial policies, it has become one of Asia's important forex trading hubs. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker Boney Market in Singapore as scheduled. According to public information, its office address is 3 Shenton Way, 11 - 01 Shenton House, Singapore 068805.

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 dealer Boney Market.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader claiming to be located at 3 Shenton Way, 11 - 01 Shenton House, Singapore 068805Boney Market.

The inspection personnel successfully arrived at Shenton House, which is located in the most central area of Singapore with a strong commercial atmosphere and bustling streets. No company signage or related information of Boney Market was found on the exterior of the building, but a panoramic view of the building was successfully captured.

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

Upon arriving at the target floor (11th floor), the field investigator found that the floor did not correspond to the company Boney Market. There were no obvious signs of Boney Market in the office area, nor any related security measures. Since the floor did not belong to the company, the investigator could not enter the premises, take photos of the reception desk or its logo, and the office was not a shared workspace.

Through the common areas on the floor, the inspectors were unable to observe the internal office environment of the company because they were not allowed to enter. The overall situation could not be determined to be consistent with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker Boney Market 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 presence. Investors are advised to make their choices after careful consideration.

Disclaimer

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