Purpose

The Singapore foreign exchange market is an emerging international forex market that developed in the 1970s. With Singapore's growing status as a financial hub, its forex market has attracted participation from numerous international financial institutions and investors, thanks to its efficient financial infrastructure, robust regulatory framework, and open policy environment. 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 Leonteq in Singapore as planned. According to public information, its office address is 8 Marina View, Asia Square Tower 1, Unit 31-02, Singapore 018960.

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 Leonteq reportedly located at 8 Marina View Asia Square Tower 1 Unit 31 - 02 Singapore 018960.

The inspection team successfully arrived at the target building, which is located in the most luxurious area of Singapore, surrounded by a bustling environment and a strong commercial atmosphere. This area is home to numerous internationally renowned enterprises and financial institutions, serving as the core hub of financial activities in Singapore. The inspectors captured a panoramic view of the building; however, no company logo or related information of Leonteq was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After some communication, they obtained permission to enter the building.

In the lobby, the surveyor found the company on the directory board. However, due to strict security measures, the surveyor was unable to reach the target floor (31st floor) and thus could not confirm the specific location of the Leonteq office area. Since access to the specific floor was denied, it was impossible to photograph the reception desk and its logo. Additionally, this office is not a shared workspace.

Through the lobby area, the on-site inspector was unable to observe the internal environment of the company as security personnel did not permit entry. Overall, although access to the company's interior was not granted, the luxury of the building and its prime location show a certain degree of alignment with Leonteq's positioning as a forex trading firm.

In conclusion, after on-site verification, it is confirmed that the broker Leonteq exists at the above address.

Conclusion

The on-site inspector visited the forex broker Leonteq in Singapore as planned. The broker's presence at the publicly displayed business address was confirmed, indicating that the broker has a genuine operational location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be considered as the final basis for decision-making.