[WikiFX Field Survey] A Visit to Straits in Singapore - Office Found

Reason for this visit

The mature, open, and stable foreign exchange market in Singapore plays a significant role in Asia, boasting a large scale and massive daily trading volumes. As one of the major financial centers in Asia, Singapore enjoys a highly active forex market, attracting investors and traders worldwide. In terms of regulation, the Singapore forex market operates within a well-regarded regulatory environment overseen by the Monetary Authority of Singapore (MAS). Forex brokers in Singapore must adhere to strict regulatory requirements, including adequate capital, segregated client fund, transparent operation, reporting obligations, and more. Singapore's forex market is home to numerous forex brokers of varying types and sizes, encompassing both traditional and online forex brokers. Driven by robust regulation and technological innovation, the Singapore forex market holds promising development prospects. With the acceleration of digitization and internationalization, the Singapore forex market is poised to remain a key center for forex trading in Asia and globally. In an attempt to help investors better understand the current forex brokers in Singapore, WikiFX survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Singapore to visit forex broker Straits as planned according to its regulatory address that 9 Temasek Boulevard, #28-02/3/4 Suntec Tower Two Singapore 038989.

The investigators came to 9 Temasek Boulevard in Singapore for an on-site visit to the brokers office, and located the Suntec Tower Two, a renowned mixed-use building with easy access to the Promenade metro station. Additionally, its convenient transport network contributes to a vibrant business environment.

Upon arrival at the building for further investigation, the survey personnel prominently noticed a directory in lobby, which indicated that suites 01A, 02 and 04 were occupied by Straits Group. And then they took the elevator to the 28th floor, where the floor directory listed clearly that Straits was located in suites 02, 03 and 04. It further confirms the existence of the company in the building.

During this field survey, the inspection team not only determined the authenticity of Straits Group, but also conducted a thorough search of the surrounding environment. A variety of amenities, including restaurants and business centers, are located nearby, laying a solid foundation for the companys smooth operation.

Through the on-site investigation, it is confirmed that the broker has a physical presence at the place.

Conclusion

The survey team went to Singapore to visit forex broker Straits as scheduled, and found the companys name at the aforementioned address. It denotes that the broker has a physical business office at the location. Meanwhile, investors are advised to make a sensible decision following a comprehensive consideration.

Disclaimer

The content is for informational purpose only, and shall not be taken as a final order for making a choice.