Purpose

The Singapore foreign exchange market emerged as a significant forex hub in the 1970s alongside the rise of the Asian Dollar Market. As the world's fourth-largest forex trading center, it attracts numerous international financial institutions and investors due to its strategic geographical location, stable political environment, robust financial regulatory framework, and advanced financial infrastructure. 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 Quantum Trade in Singapore as planned. According to public information, its office address is 100 Pasir Panjang Road #02 - 08 100 Pasir Panjang S118518.

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 to conduct an on-site verification of the trader Quantum Trade claiming to be located at 100 Pasir Panjang Road #02 - 08 100 Pasir Panjang S118518.

The inspection personnel successfully arrived at the target building, which is located in a specific area of Singapore with a mediocre commercial atmosphere. No company signage or related information of Quantum Trade was found on the exterior of the building.

The surveyor entered the building lobby and stated their purpose to the security personnel. After communication, they obtained permission to enter.

However, upon arriving at the target floor, the field investigator found no office area signage for Quantum Trade. The investigator proceeded to the claimed office location, only to discover that the space was occupied by another company. Since it was not the target company, the investigator could not enter the premises or photograph the reception area and its logo. Additionally, the office was not a shared workspace.

Through the glass door, the inability to clearly see the interior means one cannot understand the company's internal environment, and naturally, cannot judge whether the overall setting aligns with its claimed positioning.

Therefore, after on-site verification, it was confirmed that the dealer Quantum Trade does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Quantum Trade in Singapore as planned. 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 views are for reference only and should not be used as the sole basis for final decisions.