Purpose

The Singapore foreign exchange market emerged as a significant international forex hub in the 1970s alongside the rise of the Asian Dollar Market. Its strategic geographical location places it within a critical global trading timezone, bridging the Tokyo and London forex markets. With flexible trading hours and a diverse range of participants—including banks, financial institutions, corporations, and individual investors—it boasts high levels of internationalization and liberalization. To provide investors and professionals with a 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 Waterman Xe in Singapore as scheduled. According to public information, its office address is 108 Pasir Panjang Rd, Singapore 118535.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Singapore to conduct an on-site verification of the trader claiming to be located at 108 Pasir Panjang Rd, Singapore 118535 Waterman Xe.

The field investigator successfully arrived at the target building, which is located in a specific area of Singapore with a relatively average commercial atmosphere. No company signage or related information was found on the exterior of the building.

The inspector arrived in front of the building and attempted to enter. They explained their purpose to the security guard, but without a clear unit number, they couldn't proceed with further registration. After communicating with the guard, the guard stated they didn't recognize the company Waterman Xe.

Due to the inability to enter the building, the inspection personnel failed to reach the target floor and did not find any obvious signage or security measures for the company's office area. This office is not a shared workspace.

Ultimately, after on-site verification, it was confirmed that the dealer Waterman Xe does not exist at the aforementioned address.

Conclusion

The inspection team visited the forex broker Waterman Xe in Singapore as planned, but found no information such as the company name at the publicly displayed business address, indicating that the broker does not have 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.