Purpose

The Malaysian foreign exchange market is an emerging forex market that has developed rapidly in recent years. With the continuous opening and internationalization of the local financial industry, forex trading has become increasingly active. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team visited Malaysia for field research.

Process

The on-site inspection team visited the forex broker KJ Glovice FX in Malaysia as planned. According to public information, its office address is Unit Level 11(A), Main Office Tower, Financial Park Labuan, Jalan Merdeka, 87000 Federal Territory of 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 KJ Glovice FX, which claims to be located at Unit Level 11(A), Main Office Tower, Financial Park Labuan, Jalan Merdeka, 87000 Federal Territory of Labuan, Malaysia.

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. This building is considered very luxurious locally, but no company logos or related information were found on the exterior of the building.

The inspection personnel entered the first floor of the building and explained their purpose to the security guard. After communication, they obtained permission to enter. However, the directory machine in the hallway only displayed a few lines at a time, and the changes were extremely slow, making it impossible to take photos or stay for an extended period. There were several security personnel at the front desk on the first floor, who also prohibited taking photos inside the building.

Due to the aforementioned limitations, the field survey personnel were unable to reach the target floor (11th floor) and thus could not confirm whether KJ Glovice FX's office area had clear signage or security measures. Since they failed to access the specific floor, they were also unable to determine if it was a shared office space, let alone photograph the reception desk and its LOGO.

Since access to the company's interior is not possible, it is impossible to observe the internal office environment, decoration style, employee activities, and other related conditions.

Therefore, after the on-site inspection, it could not be confirmed whether the dealer KJ Glovice FX exists at the above address.

Conclusion

The inspection team visited the forex broker KJ Glovice FX in Malaysia as planned. However, they could not find any information such as the company name at the publicly displayed business address, indicating that it is currently impossible to confirm whether the broker has a genuine operational location. 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 final basis for selection.