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, forex trading has become increasingly active in Malaysia. 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 Olympic Markets in Malaysia as planned. According to public information, its office address is Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca Ranca, 87000 F.T. Labuan, Malaysia.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, followed a meticulous plan and traveled to Malaysia, only to discover a very small building complex upon arrival. Upon reaching the designated address, the surrounding environment did not exhibit any obvious signs of commercial prosperity.

At the directory board by the first-floor staircase, the field investigator carefully checked but found no information related to Olympic Markets company.

Since no valid information such as company logos was found from the beginning, it was impossible to enter the building lobby, let alone reach the target floor to confirm the specific location. As there was no way to enter the company, there was no situation of photographing the reception desk, and the office location was not a shared workspace. Without access to the interior, external observations could not reveal the internal office environment, and the overall situation did not match the claimed existence of the office address.

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

Conclusion

As planned, the field investigator visited the forex broker Olympic Markets in Malaysia. However, no information such as the company name of the broker was found 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.