Purpose

The Singapore foreign exchange market, which developed in the 1970s as an international forex hub, has become one of Asia's key forex trading centers due to its strategic geographical location, stable political environment, and advanced financial system. 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 Immediate Urex 3X in Singapore as planned. According to public information, its office address is WeWork 380 Jalan Besar: 380 Jalan Besa, Arc 380, 209000.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Singapore to conduct an on-site verification of the trader Immediate Urex 3X purportedly located at WeWork 380 Jalan Besar: 380 Jalan Besa, Arc 380, 209000.

The field investigator successfully arrived at the target building, which is an office building located in Singapore. No signage or relevant information of the company was found on the exterior of the building. The investigator then entered the lobby and explained their purpose to the security personnel. After communication, although they were able to enter the company's lobby, they found that there was no directory listing for the company inside the building.

Due to strict security measures, a work badge is required to access the upper floors, so the inspection personnel were unable to reach the specific floor and confirm the exact location, thus preventing entry into the company's premises. It was not possible to photograph the reception area or the logo at the front desk, and this office is not a shared workspace. Since entry was denied, the internal office environment could not be observed.

Therefore, after on-site verification, it is confirmed that the dealer Immediate Urex 3X does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Immediate Urex 3X in Singapore as planned. However, no information such as the company name of the broker was found at the publicly displayed business address, indicating that the broker does not have a genuine operational location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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