Purpose

The Malaysian foreign exchange market is an emerging forex market that has developed in recent years. With the rapid economic growth in Southeast Asia, forex trading activities in this region have become increasingly active. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team visited Malaysia for field research.

Process

The on-site inspection team visited the forex broker ICM in Malaysia as planned. According to public information, its office address is Office Suite 1623, Level 16 (A), Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 F.T., Labuan.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Malaysia's Financial Park Complex to conduct an on-site verification of the trader ICM claiming to be located at this address.

The inspection personnel successfully arrived at the Financial Park Complex, located in the heart of Labuan Island's financial center, which is a very luxurious building in the area. The surrounding commercial atmosphere is strong, and the environment is bustling. However, no signage or related information of ICM company was found on the exterior of the building.

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

Upon entering the building, it was found that the directory machine in the hallway displayed only a few lines at a time and changed very slowly, making it impossible to take photos or linger for long. There were four or five security personnel at the front desk on the first floor, who also prohibited taking photos inside the building. Due to these restrictions, the investigator was unable to reach the target floor, the 16th floor, and thus could not confirm the specific location of ICM company, let alone enter the company's premises. Additionally, it was not possible to photograph the front desk or its logo, and the office was not a shared workspace.

Through the lobby area, due to the inability to obtain more information, it is impossible to observe the internal environment of the company, making it difficult to judge whether the overall environment aligns with its claimed positioning.

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

Conclusion

The field investigator visited the forex broker ICM in Malaysia as planned, but found no information such as the company name at the publicly displayed business address, indicating that the broker does not have a genuine operational location. 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 selection.