Purpose

The Malaysian foreign exchange market is an emerging forex market that has developed in recent years. With the continuous growth of the local economy and the gradual opening of financial markets, the importance of forex trading in Malaysia has become increasingly prominent. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Malaysia.

Process

The on-site inspection team visited the forex broker IFA in Malaysia as planned. According to public information, its office address is 5 - G Jalan Batu Bata, Off Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Malaysia to conduct an on-site verification of the dealer IFA, which claims to be located at 5 - G Jalan Batu Bata, Off Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.

The field investigator successfully arrived at the target location, only to find that it was not an office building. Due to the absence of any substantive premises related to the company in the surrounding area, it was difficult to accurately describe the environmental conditions. No company signage or relevant information was found on the exterior of the building.

The field investigator attempted to enter, but since it was not an office building, they were unable to explain their purpose to the security or staff and obtain entry permission.

Since access to the building was impossible, reaching the target floor was out of the question, let alone identifying whether IFA's office area had clear signage or security measures. With no entry possible, there was no opportunity to photograph the reception desk or its logo, nor was there any scenario involving shared office spaces.

Through the surrounding area, as no office space related to the company was seen, it was impossible to observe the internal environment of the company, and thus unable to determine whether the overall environment aligns with its claimed positioning.

Therefore, after on-site verification, it is confirmed that the dealer IFA does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker IFA in Malaysia as planned. At the publicly displayed business address, no information such as the company name of the broker was 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 views are for reference only and should not be taken as the final basis for selection.