Purpose

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

Process

The on-site inspection team visited the forex broker Fxprotrade in Malaysia as planned. According to public information, its office address is Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000, Federal Territory of Labuan, 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 Fxprotrade, which claims to be located at Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000, Federal Territory of Labuan, Malaysia.

The inspector successfully arrived at the target building, which is a serviced apartment located in a specific geographical area of the locality. In terms of the surrounding environment, there are some companies and shared offices on the second floor, but the overall commercial atmosphere is average. No signage or relevant information about the company was found on the exterior of the building.

The surveyor entered the building lobby and, after explaining their purpose to the security guard, obtained permission to enter. However, no signage for the company was found inside the building, nor was the company's logo visible.

Due to the inability to determine the specific floor and location, the on-site inspectors were unable to reach the designated floor to confirm the company's exact position, and naturally, they could not enter the company's premises. As a result, they could neither photograph the reception area and its logo nor confirm if it was a shared office space.

The office environment inside the company cannot be observed through the entrance, as entry is not permitted. The overall situation does not align with the positioning claimed by this broker.

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

Conclusion

The on-site investigator visited the forex broker Fxprotrade in Malaysia as planned. No information such as the broker's company name was found at its publicly displayed business address, 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 used as the final basis for decision-making.