Purpose

The Malaysian foreign exchange market is an emerging forex market that has developed in recent years. With the continuous growth of Malaysia's economy and the gradual opening of its financial markets, the importance of forex trading in the country 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 CCIB in Malaysia as planned. According to public information, its office address is Unit Level 11 (D1), Main Office Tower, Financial Park Labuan Complex Jalan Merdeka, 87000 F.T. 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 CCIB, which claims to be located at Unit Level 11 (D1), Main Office Tower, Financial Park Labuan Complex Jalan Merdeka, 87000 F.T. Labuan Malaysia.

The inspection personnel successfully arrived at the Labuan 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 clean and tidy. However, no company logo or related information of CCIB 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.

During the process of reaching the target floor, the digital signage in the hallway only displayed 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 photography inside the building. Upon arriving at the target floor, no obvious signage for CCIB's office area was found. Due to strict security measures, the investigator was unable to access specific floors to confirm the exact location or enter the company's premises, preventing them from photographing the front desk or its logo. Additionally, the office was not a shared workspace.

The interior environment of the company cannot be observed through the glass door, making it impossible to confirm whether it aligns with the claimed positioning.

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

Conclusion

The inspection team visited the forex broker CCIB 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 opinions are for reference only and should not be considered as the final basis for decision-making.