Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian dollar market. Leveraging its strategic geographical location, robust financial infrastructure, and liberal financial policies, it quickly became one of the world's key 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 proceeded as planned to visit the forex broker InvestiRay in Singapore. According to publicly available information, its office address is 24 Raffles Place, Singapore 048621, Singapore.

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 InvestiRay.

The field investigator proceeded to the target location based on the address information to conduct an on-site verification of the dealer InvestiRay, which is claimed to be located at 24 Raffles Place, Singapore 048621, Singapore.

The inspection personnel successfully arrived at the corresponding building, but surprisingly, the building was under construction. Located in a bustling area of Singapore, the surroundings appeared somewhat messy due to the construction, and the commercial atmosphere was also affected to some extent. On the exterior of the building, no company logo or relevant information related to InvestiRay was found.

The on-site inspector attempted to enter the building lobby. Due to the construction status of the building and strict security measures, permission to enter was not granted after explaining the purpose to the security personnel.

Since access to the building is impossible, it is also impossible to reach the target floor to verify the office area situation of InvestiRay, making it difficult to determine whether there are clear signs or security measures, let alone enter the interior. Additionally, it is not possible to photograph the reception area or the reception's LOGO. This office space is not a shared workspace.

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

Therefore, after on-site verification, it was confirmed that the dealer InvestiRay does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker InvestiRay in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker could be 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 opinions are for reference only and should not be considered as the final basis for selection.