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 forex broker Global Binance in Malaysia as planned. According to public information, its office address is 2022, Jln Sultan Ismail, Bukit Bintang, 50300 Kuala Lumpur, 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 trader Global Binance reportedly located at 2022, Jln Sultan Ismail, Bukit Bintang, 50300 Kuala Lumpur, Malaysia.

The field investigator successfully arrived at the target location, only to find that the address corresponded to a construction site with no commercial atmosphere related to Global Binance in the vicinity. No signs or relevant information about the company were found around the construction site.

Since the target location is a construction site with no existing building, the surveyor cannot access the so-called building lobby, nor have the opportunity to explain their purpose to security or staff and go through registration procedures.

Since there is no building, there is no situation of reaching the target floor, nor can any signage of the company's office area be found, and it is impossible to enter the corresponding company's interior for observation and photography. Moreover, this address is not a shared office space.

Through the construction site fence, the inspectors only saw a construction scene, which completely did not match its claimed positioning as an office space.

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

Conclusion

The on-site investigator visited the forex broker Global Binance in Malaysia as planned. No information such as the company name of the broker was found at its publicly displayed business address, 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.