Purpose

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

Process

The on-site inspection team proceeded to Malaysia as planned to visit the forex broker BetamaxFX. According to publicly available information, its office address is "HyperForex(L) Office 3, Jamie Business Centre ll 2nd Floor, Lot 6, Jalan Bunga Dahlia 87007 F. T. 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. Based on the aforementioned information, they conducted an on-site visit to the dealer BetamaxFX.

The field investigator went to the target area based on the address information and arrived at the road mentioned in the address, but found no information about the building in the vicinity. Upon inquiring with local drivers, they also claimed to have never heard of this building. No traces of the company were found in the surrounding environment. There were neither company logos nor any related information on the exterior of the building, nor was there any so-called company campus.

Since the corresponding building could not be found at all, the surveyor was unable to enter the lobby, and thus there was no question of obtaining entry permission.

Since the building itself could not even be located, it was impossible to reach the target floor or enter the interior to observe and photograph the company's reception area, nor was there any situation regarding whether it was a shared office space.

The on-site inspectors couldn't even get close to the company's entrance, so the overall situation doesn't match its claimed positioning.

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

Conclusion

The inspection team visited the foreign exchange broker BetamaxFX in Malaysia as planned. At the publicly displayed business address, no information such as the company name of the broker could be found, indicating that the broker does not have a genuine business 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 considered as the final basis for selection.