Purpose

Singapore Foreign Exchange Market is an emerging market that developed in the 1970s. As one of Asia's important financial centers, Singapore Forex Market is characterized by active trading, sound regulations, and a high degree of internationalization. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the team conducted on-site visits in Singapore.

Process

The team went to Singapore as planned to conduct an on-site visit to the forex broker Sharon Forex. According to public information, its office address is Tai Kim Industrial Estate, Kim Chuan Drive 57, 1053 Singapore.

A professional and experienced team, with a sense of mission to strictly vet for investors, followed a meticulous plan and proceeded to Tai Kim Industrial Estate in Singapore to conduct an on-site verification of the broker Sharon Forex that claimed to be located at 57 Kim Chuan Drive, Tai Kim Industrial Estate, 1053 Singapore.

The team successfully arrived at Tai Kim Industrial Estate. Due to the non-existence of the company, it is difficult to accurately describe the surrounding environment. No company signal or relevant information was found on the exterior of the building.

The team entered the building lobby and, after stating their purpose to the security guard, they were allowed to enter. However, upon reaching the building corresponding to the Google Maps location, they found no specific unit number written, making it impossible to confirm if the company was there. There was a directory board inside the building, but no information about the company was found on it.

As the specific location could not be confirmed, the team was unable to reach the target floor, could not confirm the company's office area, and was thus unable to enter the interior, photograph the reception area and logo. It was also not a shared office. Since entry was not permitted, it was impossible to observe the internal office environment.

Therefore, after the on-site visit, it was confirmed that broker Sharon Forex does not exist at the aforementioned address.

Conclusion

The team visited the forex broker Sharon Forex at its publicly displayed business address in Singapore as planned. However, no information such as the company name of this broker was visible at the location, indicating that the broker does not have a genuine physical business place. 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.