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 in Malaysia has become increasingly active. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team visited Malaysia for field research.

Process

The on-site inspection team visited the forex broker IFA Brokers in Malaysia as planned. According to public information, its office address is Brumby Centre, Lot 42, Jalan Muhibbah, 87000 Federal Territory of Labuan, Malaysia.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Malaysia to conduct an on-site verification of the trader IFA Brokers claimed to be located at the said address.

The inspector successfully arrived at the Brumby Centre. The surrounding environment of this location is relatively good, and it is a prominent office building in the area, though the commercial atmosphere is average. However, no signage or relevant information about the company was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter.

However, no nameplate of IFA Brokers was found inside the building, nor was the company's logo visible. Since the exact location of the company could not be determined, the inspection personnel were unable to reach the specific floor and confirm its precise position, thus preventing access to the company's interior. Additionally, it was not possible to photograph the reception area or its logo, and the office was 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 confirm whether the overall situation aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker IFA Brokers 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 premises. 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.