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 center, it features flexible trading hours and a diverse range of trading products. 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 Maxfinx in Singapore as planned. According to public information, its office address is 65 ORIOLE CRESCENT, RAFFLES PARK, SINGAPORE - 288656.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Singapore to conduct an on-site verification of the trader Maxfinx claiming to be located at 65 ORIOLE CRESCENT, RAFFLES PARK, SINGAPORE - 288656.

The field investigator successfully arrived at the target location, which is situated in a villa area. The surrounding environment is quiet and primarily residential, with almost no commercial atmosphere. No company signage or related information was found in the vicinity.

Since this address is a residential area, there is no building lobby, nor any procedures such as stating your purpose to security or staff, registering and communicating, or obtaining entry permission.

Since it is a residential area, there is no situation of a target company's floor, nor were any obvious signs or security measures found in the Maxfinx office area. The on-site inspectors could not enter the so-called company premises at all, making it impossible to observe the internal environment of the company.

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

Conclusion

The on-site inspection team visited the forex broker Maxfinx in Singapore as planned. However, no information such as the company name of the broker was 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.