A Visit to Syfe in Singapore - Office Found

Reason for this visit

As the product of a merger of the former Singapore Stock Exchange and the Singapore International Monetary Exchange (SIMEX), Singapore Exchange (SGX) is the only stock exchange in Singapore, and also the first stock exchange enabling electronic trading in Asia. In terms of market regulation, the Monetary Authority of Singapore (MAS) is the primary regulator responsible for formulating and enforcing stock market policies and rules. In recent years, driven by financial technology, with service fees declining, it has become extremely convenient to invest in stocks in Singapore, appealing to a large number of retail investors into the market. As a result, an increasing number of international brokers start to focus on the country. Overall, Singapore is a globally important financial center, and the local stock market is growing steadily in size and regulation, with sufficient liquidity and enhanced market confidence. In an attempt to help investors to get a more comprehensive understanding of the brokers in Singapore, WikiStock 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 broker Syfe as planned according to its regulatory address that #11-01 11th Floor, The House of Eden, 4 Robinson Road, Singapore 048543.

The investigators arrived at 4 Robinson Road in Singapore for a visit to the brokers office on December 10, 2023, and located the House of Eden at the prime financial thoroughfare in the city center. And there are numerous banks, financial institutions, office building, and other commercial facilities nearby.

Upon arrival at the building for further investigation, the survey personnel spotted security guards and a directory in the lobby, which displayed that Syfe was situated on the 11th floor. However, taking photos was prohibited in the foyer.

After reaching the 11th floor via the lift, the inspection team discovered easily the information regarding Syfe such as company name and logo.

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

Conclusion

The survey team went to Singapore to visit broker Syfe as scheduled, and found the companys name at its regulatory address. This denotes that the broker has a physical business office at the place. Meanwhile, investors are advised to make a judicious decision following much deliberation.

Disclaimer

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