Purpose

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

Process

The on-site inspection team visited the forex broker APF in Singapore as planned. According to public information, its office address is 16 Ayer Rajah Crescent #06-05C, Tempco Technominium, Singapore 139965.

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 APF purportedly located at 16 Ayer Rajah Crescent #06-05C, Tempco Technominium, Singapore 139965.

The inspector successfully arrived at Tempco Technominium. The surrounding environment is relatively quiet, with a moderate commercial atmosphere. No company signage or related information for APF was found on the exterior of the building.

The inspector entered the building lobby, explained the purpose to the security personnel, and after communication, obtained permission to enter.

Upon arriving at the target floor (6th floor), the inspector found no clear signage for the APF office area. Since the corresponding office was closed and lacked any logo, the inspector could not confirm its exact location or gain access to the interior. As a result, it was impossible to photograph the reception area or its logo, and the office was confirmed not to be a shared workspace.

Due to the office closure, it is impossible to observe the internal environment of the company, and the overall situation does not match its claimed positioning.

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

Conclusion

The field investigator visited the forex broker's publicly displayed business address in Singapore as planned, APF, but found no information such as the company name of the broker, indicating that the broker does not have a genuine business 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 used as the sole basis for making a final decision.