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, the importance of forex trading in Malaysia has become increasingly prominent. 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 foreign exchange broker TGB FX in Malaysia as planned. According to public information, its office address is Level 9 (G) Main Office Tower, Financial Park Labuan, Jalan Merdeka 87000 Federal Territory of Labuan.

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 TGB FX claiming to be located at the aforementioned address.

The inspection personnel successfully arrived at the Financial Center building, which is 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, but no company logos or related information were found on the exterior of the building.

The surveyor entered the first floor of the building and stated their purpose to the security or staff. After communication, they obtained permission to enter.

However, the directory 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 several security personnel at the front desk on the first floor, who also prohibit taking photos inside the building. The field investigator was unable to reach the target floor and thus could not confirm whether TGB FX had clear signage or security measures in its office area. Due to various restrictions, the investigator could not enter the interior, nor could they photograph the front desk or its logo. This office is not a shared workspace.

Through the public areas of the building, the inspectors were unable to observe the internal environment of the company, so they could not determine whether the overall environment aligns with its claimed positioning.

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

Conclusion

The inspection team visited the forex broker TGB FX 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 views are for reference only and should not be used as the sole basis for final decision-making.