Purpose

The Singapore foreign exchange market is an international financial center forex market that developed in the 1970s. With its advantageous geographical location, stable political environment, and open 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, an on-site inspection team visited Singapore for field research.

Process

The on-site inspection team proceeded as planned to visit the foreign exchange dealer PhillipCapital in Singapore. According to publicly available information, its office address is 250 North Bridge Road, #06 - 00 Raffles City Tower, Singapore 179 101.

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 PhillipCapital.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer PhillipCapital claimed to be located at 250 North Bridge Road, #06 - 00 Raffles City Tower, Singapore 179 101.

The inspection personnel successfully arrived at Raffles City Tower, which is located in the heart of Singapore, surrounded by a bustling environment and a strong commercial atmosphere.

The full view of the building can be seen from the outside, and the company's directory board was found inside the building, which contains information related to PhillipCapital.

The survey personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter the lobby.

Due to the inability to access the specific floor, it was not confirmed whether the company's office area on that floor had clear signage or security measures. Because of strict security, the field investigator could not enter the company's premises and was unable to photograph the reception area or the logo at the front desk. This office is not a shared workspace.

Although we cannot enter the company to observe its office environment, based on the information we have gathered, the overall situation aligns with the positioning of this broker as a legitimate forex trading firm.

Therefore, after on-site verification, it is confirmed that the dealer PhillipCapital exists at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker PhillipCapital in Singapore as planned. Relevant information about the broker could be seen at its publicly displayed business address, indicating that the broker has a genuine operational 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.