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. 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 iMoney in Malaysia as planned. According to public information, its office address is Unit 25-01, Level 25, Tower B, The Vertical Business Suites, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, 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 trader iMoney claiming to be located at the aforementioned address.

The inspection personnel successfully arrived at The Vertical Business Suites, located in the Bangsar South area of Kuala Lumpur, Malaysia. The surrounding environment is relatively bustling with a strong commercial atmosphere. However, no company logo or related information of iMoney was found on the exterior of the building.

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

Upon arriving at the lobby, it was discovered that the building's directory machine was broken, making it impossible to confirm whether iMoney company was actually located here. Without an appointment, the survey personnel were unable to obtain permission to go upstairs and thus could not reach the target floor, the 25th, to verify the specific location of iMoney.

In the lobby, there is no company nameplate for iMoney in the building, and no iMoney logo is visible either inside or outside the building. Additionally, this office is not a shared workspace, and it is impossible to photograph the reception area or its logo. Since access to the company's interior is restricted, the internal office environment cannot be observed.

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

Conclusion

The on-site investigator visited the forex broker iMoney in Malaysia as planned. However, no information such as the broker's company name 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 careful consideration.

Disclaimer

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