A Visit to uSMART 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, attracting a large number of retail investors into the market. Therefore, more and more 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, 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 broker uSMART as planned according to its regulatory address that 3 Phillip Street, #12-04, Royal Group Building, Singapore 048693.

The investigators arrived at 3 Phillip Street in Singapore on December 1, 2023. Situated in the CBD, Royal Group Building, a modern 19-storey commercial building, boasts a fabulous location easily accessible via public transport, such as Raffles Place MRT Station and Clarke Quay MRT Station nearby.

After entering the building, the survey personnel accessed the 12th floor smoothly, and spotted the company name of “uSMART” at its office #12-04.

Through an on-side investigation, it is confirmed that the company does have a physical presence at the location.

Conclusion

The survey team went to Singapore to visit broker uSMART as scheduled, and found the companys name at its regulatory address. This indicates that the broker truly has a physical business office at the place. Meanwhile, investors are advised to make a judicious decision following an overall consideration.

Disclaimer

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