Purpose

Singapore Foreign Exchange Market is an international forex market that developed in the 1970s. As one of the world's important financial centers, the Singapore forex market is characterized by active trading and strict regulation. In order 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

In this issue, the on-site inspection team visited the forex broker RedRock FX in Singapore as planned. According to public information, its office address is 10 Anson RD #34-10, Singapore 079903.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, proceeded according to a meticulous plan to the target area in Singapore to conduct a physical verification of the broker RedRock FX , which claimed to be located at 10 Anson RD #34-10, Singapore 079903.

The inspectors successfully arrived at the target building. The building is located in the downtown area of Singapore, surrounded by a bustling environment and a strong commercial atmosphere. But no company signal or relevant information about RedRock FX was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security personnel. After communication, they obtained permission to enter. On the directory board inside the building, there was no information for this company.

Upon arriving at the target floor, the 34th floor, the inspectors found that the corresponding office belonged to another company, not RedRock FX, and there were no obvious signs for RedRock FX on that floor. As the office area belonged to another company, the inspectors could not enter the interior and were unable to photograph RedRock FX's reception area or logo. The office was not a shared workspace.

Through the glass door, the inspectors could not observe the internal environment of RedRock FX's company. The overall situation did not match its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker RedRock FX in Singapore as planned. At its publicly displayed business address, no information such as the broker's company name was visible, indicating that the broker does not have a genuine physical business 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 choice.