Purpose

The Malaysian foreign exchange market is a distinctive forex market that has developed over a certain period, holding a notable position and influence in the financial sector of Southeast Asia. To assist investors or practitioners in gaining a more comprehensive understanding of forex brokers in this region, the team conducted on-site visits in Malaysia.

Process

As scheduled, the team visited the forex broker Unicoin Markets in Malaysia for an on-site inspection. Public records indicate its office address is Unit No. 3A - 15, Level 3A, Labuan Times Square, Jalan Merdeka, 87000 Labuan F.T. Malaysia.

A professional and experienced 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 Unicoin Markets who claimed to be located at the said address.

The team has successfully arrived at Labuan Times Square, a location near the port of Labuan Island that resembles an office building. The surrounding environment is quite ordinary, and the commercial atmosphere is relatively average. No company-related signs or information were found on the exterior of the building, though a directory board was photographed, which also did not contain any relevant information about the company.

The team entered the building lobby and, after stating their purpose to the security guard, obtained permission to enter.

Although we entered the building, we couldn't confirm the specific floor or location due to the absence of company directories or logos inside. As a result, we were unable to reach the target floor. Therefore, there was no opportunity to observe whether the company's office area had clear signage or security measures, let alone enter the company's interior. Additionally, this office was not a shared workspace.

Since access to the company's interior is not possible, the internal environment and other conditions of the company cannot be known.

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

Conclusion

The team visited the foreign exchange broker in Malaysia as planned, Unicoin Markets, but found no information such as the company name at the publicly displayed business address, indicating that the broker does not have a genuine operational 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 decision-making.