Purpose

The Malaysian foreign exchange market is an emerging forex market that has developed over the past few decades. With the continuous growth of Malaysia's economy and the gradual opening of its financial markets, forex trading has taken on a significant role in the country's financial sector. 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 FX RIVER in Malaysia as planned. According to public information, its office address is Office 10. Jamie Business Centre 1, Unit F10, 1st Floor, Paragon Labuan, Jalan Tun Mustapha, 87000, Labuan Federal Territory, 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 FX RIVER purportedly located at Office 10. Jamie Business Centre 1, Unit F10, 1st Floor, Paragon Labuan, Jalan Tun Mustapha, 87000, Labuan Federal Territory, Malaysia.

The inspector successfully arrived at the target building, which is a serviced apartment located on Jalan Tun Mustapha. Due to the absence of the company, it was difficult to assess the environmental characteristics of the surrounding area. However, there are some companies and shared offices on the second floor of the building. No company signage or related information for FX RIVER was found on the exterior of the building.

The surveyor entered the building lobby and, after stating their purpose to the security guard, obtained permission to enter.

However, no company signage for FX RIVER was found inside the building, nor was the company's logo visible. As the specific floor and location of the company could not be identified, the inspection personnel were unable to reach the target floor to confirm the exact position, let alone enter the company's premises. Additionally, they failed to photograph the reception area or its logo, and the office was not a shared workspace.

Through the internal environment of the building, it was not possible to observe the company's internal office environment as access to the company was denied. The overall situation does not match the claimed location at this address.

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

Conclusion

The on-site investigator visited the foreign exchange dealer FX RIVER in Malaysia as planned, but found no information such as the company name at the publicly displayed business address, indicating that the dealer 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 used as the final basis for decision-making.