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, the on-site inspection team conducted field visits in Malaysia.

Process

The on-site inspection team visited the foreign exchange broker BuzzFx in Malaysia as planned. According to public information, its office address is Unit A13, AMS Properties Limited, Level 11(C), Block 4, Financial Park Complex, Jalan Merdeka, 87000 Labuan F.T 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 BuzzFx purportedly located at Unit A13, AMS Properties Limited, Level 11(C), Block 4, Financial Park Complex, Jalan Merdeka, 87000 Labuan F.T Malaysia.

The inspection personnel successfully arrived at the building, which is located in the financial center of Labuan Island's most core area and is a very luxurious local structure. The surrounding area has a strong commercial atmosphere, with various financial institutions standing in great numbers. However, no company logo or related information of BuzzFx was found on the exterior of the building.

The surveyor entered the building lobby and obtained access permission after explaining their purpose to the security guard. However, upon entering the lobby, they found that the directory machine in the hallway displayed only a few lines at a time, changed very slowly, and made it impossible to take photos or stay for long. 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 valid information, the survey personnel failed to reach the target floor Level 11(C) to confirm the specific location, and thus could not determine whether BuzzFx's office area had clear signage or security measures. Additionally, due to strict security protocols and restrictions on photography, the survey personnel were unable to enter the premises, take photos of the reception area or its logo, and confirmed that 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, making it impossible to determine whether it aligns with its claimed positioning.

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

Conclusion

The inspection team visited the forex broker BuzzFx in Malaysia as planned. However, they could not find any information such as the company name at the publicly displayed business address, indicating that the broker does not have 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.