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, forex trading has increasingly attracted investors' attention in Malaysia. 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 ElitePipsMarket in Malaysia as planned. According to public information, its office address is Suite 19.08, Plaza 138, No. 138 Jalan Ampang, Wilayah Persekutuan, 50450, 50450, Federal Territory of 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 dealer ElitePipsMarket, which claimed to be located at Suite 19.08, Plaza 138, No. 138 Jalan Ampang, Wilayah Persekutuan, 50450, 50450, Federal Territory of Kuala Lumpur, Malaysia.

The field investigator successfully arrived at Plaza 138, located on Jalan Ampang, where the surrounding area is relatively bustling with a strong commercial atmosphere. However, no company signage or related information for ElitePipsMarket was found on the exterior of the building.

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

Although able to enter the building lobby, when inquiring at the front desk about ElitePipsMarket, the receptionist claimed to have no knowledge of this company. Without an appointment, the investigator could not proceed to the target floor (19th floor) to verify the exact location. No clear signage for ElitePipsMarket's office area was found, and access to the interior was not possible. Additionally, the office was not a shared workspace.

Through the lobby area, as it is impossible to know the internal situation of the company, the overall situation does not match its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker ElitePipsMarket 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 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 sole basis for final decision-making.