Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian dollar market. As one of the world's major forex trading hubs, it is characterized by active trading, strict regulation, and strong financial innovation capabilities. 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

The on-site inspection team visited the forex broker Townshend Capital in Singapore as scheduled. According to public information, its office address is 6 Raffles Boulevard, Marina Square# 03-308, Singapore 039594.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Singapore. Based on the aforementioned information, they conducted an on-site visit to the dealer Townshend Capital.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claiming to be located at 6 Raffles Boulevard, Marina Square# 03-308, Singapore 039594Townshend Capital.

The inspection personnel successfully arrived at the target building, which is located in a landmark area of Singapore, surrounded by bustling shopping malls with a strong commercial atmosphere. However, no company logo or related information of Townshend Capital was found on the exterior of the building.

The survey personnel entered the building lobby and explained their purpose to the security guard. After a brief communication, they obtained permission to enter.

Although access to the building was possible, the company's nameplate could not be located inside, and the specific floor position could not be determined, thus failing to reach the target floor to confirm the exact location of Townshend Capital. The office is a shared workspace, and neither the reception desk nor its logo could be photographed.

Through the lobby area, as it was not possible to enter the interior, the company's internal office environment could not be observed, and the overall situation remains unclear.

Therefore, after on-site verification, it was confirmed that the dealer Townshend Capital does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Townshend Capital in Singapore as planned. At the publicly displayed business address, no information such as the company name of the broker could be found, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be considered as the final basis for selection.