Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s. As one of Asia's important financial centers, the Singapore forex market is characterized by active trading, strict regulation, and strong financial innovation capabilities. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Singapore for field visits.

Process

The onsite inspection team visited the forex broker COPYKOI in Singapore as planned. According to public information, its office address is Marina Bay Financial Centre, Singapore.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded to Singapore according to a well-planned schedule to conduct a physical verification of the broker COPYKOI claiming to be located at Marina Bay Financial Centre, Singapore.

The inspectors successfully arrived at Marina Bay Financial Centre, located in the core area of Singapore, which is the most bustling office district with a prosperous surrounding environment and a strong commercial atmosphere. However, no company signal or relevant information for COPYKOI was found outside the building.

The inspectors entered the building lobby and stated their purpose to the security or staff. After communication, they were allowed to enter.

Due to the lack of specific registration information, the inspectors could not confirm the specific floor and location of COPYKOI. They inquired at the front desk in the lobby, but the reception staff did not provide any further information about COPYKOI.

Consequently, the inspectors were unable to reach the target floor, could not confirm whether COPYKOI's office area had prominent signage, could not enter the interior, could not photograph the reception area or its LOGO, and the office space was also not a shared office.

From the lobby, the inspectors could not observe the internal environment of COPYKOI's company, and the overall situation could not be confirmed to match its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker's COPYKOI in Singapore as planned, but could not find any information such as the broker's company name at its publicly displayed business address, 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 selection.