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 hub, it attracts numerous international financial institutions and investors due to its advantageous geographical location, stable political environment, robust financial regulatory system, and advanced financial infrastructure. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker MultiBank Group in Singapore as planned. According to public information, their office address is 3 CHURCH STREET, #13 - 03B, SAMSUNG HUB 049483 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 broker MultiBank Group.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer MultiBank Group, which claimed to be located at 3 CHURCH STREET, #13 - 03B, SAMSUNG HUB 049483 Singapore.

The on-site inspector successfully arrived at the Samsung Hub Building, which is located in a bustling area of Singapore with a vibrant surrounding environment and a strong commercial atmosphere.

No company signage was found on the exterior of the building, but upon entering, the company's nameplate and logo were visible inside.

The survey personnel entered the building lobby and stated their purpose to the security guard. After a brief registration, they obtained entry permission.

Upon arriving at the target floor (13th floor), the field investigator found that the office area of MultiBank Group had clear signage and no strict security measures. The investigator successfully entered the premises and was able to photograph the reception desk and its logo. The office was not a shared workspace.

Through the reception area, the field investigator observed that the company's internal office environment was average, and the overall setting aligned with its claimed positioning. Upon arriving at the building, it was identified as a financial company named MEX. When inquiring with the staff, they mentioned that their headquarters is called MultiBank Group. This company is the name of their Singapore branch, as they are not permitted to use the bank's name, but it can be confirmed that the company exists and is the same entity.

Therefore, after on-site verification, it is confirmed that the broker MultiBank Group exists at the aforementioned address.

Conclusion

The on-site investigator proceeded as planned to visit the forex broker MultiBank Group in Singapore. At the publicly displayed business address, the broker's company name and other information could be seen, indicating that the broker has a genuine operational presence. 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.