forex WikiFX Visited Forex Broker Blackrock in Singapore

Anzo Lim · September 17, 2019

Forex broker: Blackrock

Visited on: August 28^th, 2019

Conclusion: the broker truly exists

On-the-spot investigation

Regulatory information shows that the office of licensed forex broker Blackrock in Singapore is at 20 Anson Road, and WikiFX team recently visited this office of Blackrock.

We arrived at Anson Road, a well-known CBD that accommodates many shopping centers and office buildings, and found the magnificent office building on 20 Anson Road. The building runs strict security check on visitors, with a modernized access-control system and 2 guards to check visitors’ identities. Near the building entrance, we found Blackrock’s logo on a directory, which showed the company to be on level 18, and the receptionist also confirmed that Blackrock is on level 18. We concluded that Blackrock’s office in Singapore truly exists.

Analysis

Singapore has a well-established financial regulation system as one of the pioneering countries in this aspect. The main regulatory body, Monetary Authority of Singapore (MAS), was established in 1971 and enjoys great independence and authority which allow it to effectively oversee the financial industry in Singapore. In recent years, the institution has further improved its reputation by implementing efficient and safe regulation infrastructure and improving market transparency. Investors are showing more interest in brokers based in Singapore, so WikiFX is visiting some of these brokers to bring investors more information.

According to Blackrock’s website, it is a global corporation that offers assets management, risk management and consultation services. With over 70 offices in 30 countries and regions across America, Europe, Asia, Australia, Middle East and Africa, the company is among the largest of its kind, providing comprehensive services to clients through a synergy of its global influence and local network. Regulatory information shows that Blackrock is currently under the supervision of MAS (Singapore), holding a license for retail forex brokerage.

Conclusion

WikiFX App shows that Blackrock is registered in Hong Kong. The broker currently holds HKSFC’s futures license, a retail forex license from MAS (Singapore), common financial service license from ASIC (Australia) and investment advisory license from FCA (UK), among which the ASIC license and FCA license are not authorized for forex brokerage. Blackrock has been in business for 15 years and has a WikiFX rating of 7.36, but as 2 of the broker’s licenses are not authorized for forex brokerage, investors should still be careful about risks of overrun business in choosing this broker.