Purpose

The Singapore foreign exchange market is an emerging international forex market that developed in the 1970s. After the Singapore government relaxed foreign exchange controls and implemented a series of policies to encourage financial development, numerous international financial institutions established operations there. Leveraging its advantageous geographical location, robust financial infrastructure, and open financial policies, the Singapore forex market quickly became one of Asia's key forex trading hubs, occupying a significant position in the global forex market. 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 to Singapore as planned to visit the forex broker Phillip CFD. According to publicly available information, its office address is 250 North Bridge Road #06 - 00 Raffles City Tower Singapore 179101.

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 Phillip CFD.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claiming to be located at 250 North Bridge Road #06 - 00 Raffles City Tower Singapore 179101Phillip CFD.

The inspection personnel successfully arrived at Raffles City Tower, located in the heart of Singapore's bustling downtown area with a strong commercial atmosphere. It is one of the most vibrant office buildings in Singapore's central business district. Although no company signage was found on the exterior of the building, the company's directory was discovered inside, displaying the company's information.

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

Since the target floor (6th floor) could not be reached, it was impossible to verify whether the company's office area had clear signage or security measures. Due to strict security protocols, the field investigator was unable to access the specific floor and confirm the exact location, nor could they enter the company premises. As a result, photos of the reception area and the reception logo could not be taken. Additionally, this office is not a shared workspace.

Through the lobby area, it was not possible to observe the internal environment of the company as access to the interior was restricted. However, judging by the high-end configuration of the building as a whole and the bustling surroundings, it can be inferred that the overall environment should align with its claimed positioning.

Therefore, after on-site verification, it is confirmed that the dealer Phillip CFD exists at the above address.

Conclusion

The on-site investigator visited the forex broker Phillip CFD in Singapore as planned. The broker's relevant information can be seen on the building directory at its publicly displayed business address, 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.