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, forex trading has taken on a significant role in the country's financial sector. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Malaysia.

Process

The on-site inspection team visited the forex broker Venn Prime Securities 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, 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 visit to the dealer Venn Prime Securities based on the aforementioned information.

The field investigator proceeded to the target area based on the address information. Upon arrival, it was discovered that this was a very small building complex. The corresponding house number was found within this complex, but no company signage or related information was visible on the exterior of the building.

The inspector arrived at the building. Although the building had company signage, it did not contain information about Venn Prime Securities. The inspector explained their purpose to the relevant personnel in the building. Due to the lack of valid information about the company, permission to enter was not granted, and they were unable to reach the specific floor to confirm the exact location.

Since access to the company is not possible, it is not feasible to photograph the reception area or the company's logo, nor is it possible to ascertain the internal office environment. Additionally, this office space is not a shared workspace. Through the building's common areas, no observations can be made regarding the company's internal environment, decor style, or employee activities. Overall, this does not align with the situation claimed by the broker.

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

Conclusion

The field investigator visited the forex broker Venn Prime Securities 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 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 considered as the final basis for decision-making.