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, the on-site inspection team conducted field visits in Malaysia.

Process

The on-site inspection team visited the forex broker Market Equity in Malaysia as planned. According to public information, its office address is Office 9, Phil Business Centre 2, Unit F7, 1st Floor, Paragon Labuan, Jalan Mustapha, 87000, Labuan F.T..

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 Market Equity claiming to be located at the aforementioned address.

The inspector successfully arrived at the target building, which is actually a serviced apartment located on Jalan Mustapha. No obvious commercial atmosphere related to the company was found in the surrounding environment. There are some companies and shared offices on the second floor of the building. No company signage or related information was found on the exterior of the building.

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

However, no signage for the company was found inside the building, nor was the company's logo visible. Unable to locate the specific floor or position of the company, the inspection personnel could not reach the target floor to confirm the exact location, let alone enter the company's premises. They were also unable to photograph the reception area or its logo, and the office was not a shared workspace.

Through the public areas of the building, as access to the company's interior was not possible, the internal office environment could not be observed. The overall situation does not align with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker Market Equity 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 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.