Purpose

The Malaysian foreign exchange market is an emerging 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 important in Malaysia. 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 NEXUSFINTRADE in Malaysia as scheduled. According to public information, its office address is Level 12(E), Main Office Tower, Financial Park Complex Labuan, Jalan Merdeka, 87000 Labuan F.T. 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 NEXUSFINTRADE claimed to be located at Level 12(E), Main Office Tower, Financial Park Complex Labuan, Jalan Merdeka, 87000 Labuan F.T. Malaysia.

The inspection personnel successfully arrived at the Financial Center Building, located in the most central area of Labuan Island, surrounded by a bustling environment and a strong commercial atmosphere. The building is considered very luxurious locally. However, no signage or relevant information of the company was found on the exterior of the building.

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

However, the water dispenser machine in the hallway only displays a few lines at a time and changes very slowly, making it impossible to take photos or linger for long. There are four or five security personnel at the front desk on the first floor, and they also prohibit taking photos inside the building. As a result, it was impossible to reach the target floor (12th floor) and confirm whether there were any obvious signs or security measures in NEXUSFINTRADE's office area.

Due to various restrictions, the surveyor was unable to enter the interior, nor could they photograph the reception area and its logo. Additionally, this office is not a shared workspace.

Through the lobby area, as access to the interior was not possible, the company's internal environment, decoration style, and employee activities could not be observed. Therefore, it is impossible to determine whether the overall environment aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker NEXUSFINTRADE in Malaysia as planned. The broker's company name and other information were not found at the publicly displayed business address, indicating that the broker does not have a genuine operational premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the final basis for decision-making.