Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s. With the establishment of Singapore as a financial center and the implementation of financial liberalization policies, its forex market has rapidly become one of Asia's important forex trading hubs, thanks to its efficient trading mechanisms, diverse financial products, and open regulatory environment. 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 ESB FX in Singapore as scheduled. According to public information, its office address is 10 Anson Road #13-09 International Plaza, 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 ESB FX.

The on-site inspector proceeded to the target area based on the address information to conduct a physical verification of the trader ESB FX claimed to be located at 10 Anson Road #13-09 International Plaza, Singapore.

The inspector successfully arrived at the International Plaza building, located in the heart of Singapore with a vibrant commercial atmosphere and bustling streets. However, no company logo or related information of ESB FX was found on the exterior of the building.

The surveyor entered the building lobby and, after explaining their purpose to the security personnel, was granted access permission.

Upon arriving at the target floor (13th floor), the field investigator found that the office area of ESB FX had no clear signage or security measures. Unable to confirm whether the company operates there, the investigator could not enter the premises, take photos of the reception area or its logo, and noted that the office space was not a shared workspace.

Through the common areas on the floor, the inspector was unable to observe the so-called internal environment of the company. The overall impression was that no corresponding company ESB FX was seen on this floor.

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

Conclusion

The on-site investigator visited the forex broker ESB FX 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 location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the sole basis for final decisions.