Purpose

The Malaysian foreign exchange market is an emerging market that has developed in recent years. With the continuous growth of Malaysia's economy and the gradual opening of its financial markets, the importance of foreign exchange trading in the region has become increasingly prominent. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this area, the inspection team conducted on-site visits in Malaysia.

Process

The on-site inspection team visited the foreign exchange broker Asa - GP in Malaysia as planned. According to public information, its office address is Unit(11)A, Main Office Tower Financial Park, Labuan 87000, W.P. 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 Asa - GP, which claims to be located at Unit(11)A, Main Office Tower Financial Park, Labuan 87000, W.P. Labuan, Malaysia.

The inspection personnel successfully arrived at the target building, which is located in the financial center of Labuan Island's most core area and is a very luxurious local structure. The surrounding commercial atmosphere is strong, and the environment is bustling. However, no company logo or related information of Asa - GP was found on the exterior of the building.

The surveyor entered the building lobby and obtained entry permission after explaining their purpose to the security guard. However, the directory machine in the hallway only displayed a few lines at a time, changed very slowly, making it impossible to photograph, and did not allow prolonged stays. There were four or five security personnel at the front desk on the first floor, who also prohibited taking photos inside the building.

Due to the inability to obtain more valid information, the field survey personnel were unable to reach the target floor to confirm the specific location of Asa - GP, nor did they find any obvious signage for the company's office area. Due to strict security measures and other reasons, the survey personnel could not enter the company's premises, nor could they take photos of the reception area or its logo. This office is not a shared workspace.

Through the lobby area, the on-site inspectors were unable to observe the internal environment of the company, thus making it impossible to determine whether the overall environment aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the foreign exchange dealer Asa - GP in Malaysia as planned. At the publicly displayed business address, no information such as the company name of the dealer was found, indicating that the dealer 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 used as the sole basis for final decision-making.