Purpose

The Singapore foreign exchange market, which developed in the 1970s, has gradually become one of Asia's important forex trading hubs due to its advantageous geographical location and financial policies. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site investigation team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker Dxtrade in Singapore as scheduled. According to public information, its office address is 8 Marina View, Asia Square Tower 1, #42-01, Singapore, 01896.

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. Based on the aforementioned information, they conducted an on-site visit to the broker Dxtrade.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer Dxtrade, which is claimed to be located at 8 Marina View, Asia Square Tower 1, #42-01, Singapore, 01896.

The inspection team successfully arrived at Asia Square Tower 1, which is one of the most luxurious office buildings in Singapore, surrounded by a bustling environment and a strong commercial atmosphere. The team captured a panoramic view of the building, but no Dxtrade company signage or related information was found on the exterior.

The on-site inspector entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter the building. However, no signage for Dxtrade was found inside the premises.

When the inspector entered the building, they saw the building's .

Due to strict security measures, the on-site inspectors were unable to access the specific floor to confirm the exact location of Dxtrade, and thus could not enter the broker's office area. The inspectors failed to photograph the reception desk and its logo, and the office area in question is not a shared workspace.

Because entry was not permitted, the inspection personnel were unable to observe the internal office environment of the company, making it impossible to determine whether the overall situation aligns with its claimed positioning.

Therefore, after on-site verification, it was confirmed that the broker Dxtrade does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker Dxtrade in Singapore as planned. At the publicly displayed business address, they were unable to find any information such as the company name of the broker, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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