Purpose

The Singapore foreign exchange market is an emerging market that developed in the 1970s. As one of Asia's important financial centers, it is characterized by active trading, strict regulation, and a high degree of internationalization. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker IDS Venture in Singapore as planned. According to public information, its office address is 4, Leng Kee Road #08 - 07 SiS Building Singapore 159088.

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 dealer IDS Venture purportedly located at 4, Leng Kee Road #08 - 07 SiS Building Singapore 159088.

The inspector successfully arrived at the SiS Building, where the surrounding environment is relatively quiet with a moderate commercial atmosphere. No company signage or related information for IDS Venture was found on the exterior of the building.

The surveyor entered the building lobby, stated their purpose to the security personnel, obtained permission to enter, and took photos of the building's directory board.

However, the on-site inspector found that the building only has 6 floors, making it impossible to locate the 08th and 07th floors. Upon inquiring with the building's security personnel, they confirmed this fact and also stated that they were unfamiliar with the company IDS Venture. Due to the non-existent floors, the inspector could not reach the target floor to verify the specific location, nor could they enter the company's premises to photograph the reception area or its logo. Additionally, the office was not a shared workspace. From the lobby, the internal office environment of the company could not be observed, and the overall situation did not align with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker IDS Venture in Singapore as planned. The broker's company name and other information were not found at the publicly displayed business address, indicating that the broker does not have a genuine operational 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 taken as the final basis for selection.