Purpose

The Singapore foreign exchange market is an international forex market that developed in the 1970s and is the world's fourth largest forex trading center. It features flexible trading hours and a rich variety of trading products. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the team traveled to Singapore for on-site visits.

Process

This period, the team went to Singapore as planned to conduct an on-site visit to the forex broker Foti Markets. According to public information, its office address is WeWork Office Building, 21 Collyer Quay, Singapore.

A professional and experienced team, driven by a sense of mission to rigorously vet for investors, proceeded according to a well-planned schedule to the target area in Singapore to conduct an on-site inspector of the broker Foti Markets claiming to be located at WeWork Office Building, 21 Collyer Quay, Singapore.

The team successfully arrived at the building, which is located in the most bustling area of downtown Singapore, with a vibrant surrounding environment and a strong commercial atmosphere. This is an entire WeWork co-working office building, but no company signal or relevant information was found on the exterior of the building.

The team entered the building lobby and stated their purpose to the security guard. After communication, they were allowed to enter. No company directory plate or logo for the said company was found inside the building, and it could not be confirmed whether the company was genuinely located there.

Due to the inability to confirm the specific floor and location, the target floor could not be reached. As it is a co-working office and there were no clear signs, a photo of the target company's reception desk could not be taken. Since access to the company's interior was not possible, the internal office environment could not be observed.

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

Conclusion

The team visited the forex broker Foti Markets at its publicly displayed business address in Singapore as planned, but could not find information such as the broker's company name at that location, indicating that the broker does not have a genuine physical business place. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the sole basis for final selection.