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 inspection team conducted on-site visits in Malaysia.

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 inspection personnel successfully arrived at the target building, which is a serviced apartment located in a relatively bustling area of the locality. The surrounding environment is quite lively, but the commercial atmosphere is average. However, no signage or relevant information related to Fxprotrade company was found on the exterior of the building.

The surveyor entered the building lobby, stated their purpose to the security guard, and was granted entry permission.

Upon arriving at the target floor, it was found that there are some companies and shared offices on the second level, but there is no clear signage for Fxprotrade's office area. As no relevant information about the company could be found, the investigator was unable to confirm its exact location or gain access to the interior. Additionally, it was not possible to photograph the reception area or its logo, and the office space in question was not a shared office.

Through the lobby area, as it was not possible to enter the company's interior, the internal environment and other conditions of the company could not be observed.

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

Conclusion

As planned, the field investigator visited the forex broker Fxprotrade in Malaysia. However, no information such as the company name of the broker was found at its 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 taken as the final basis for selection.