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 and accurate 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 forex broker SABA in Malaysia as planned. According to public information, its office address is Room C, 2nd Floor, Lot 10:10, Lazenda Shop/Office, Phase 1, Off Jalan Mustapha, 87097 Labuan, 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 SABA claiming to be located at the aforementioned address.

The field investigator successfully arrived at the target location, which was not a traditional office building, and the surrounding environment did not exhibit a strong commercial atmosphere. No company logos or related information were found on the exterior of the building. The entire area appeared relatively ordinary, lacking distinct characteristics of a financial institution cluster.

The field investigator attempted to enter the building but was unable to obtain access permission due to the absence of company signage, uncertainty about the specific entrance, and lack of relevant staff to inquire with.

Since access to the building was not possible, reaching the target floor was also unattainable, making it impossible to confirm whether SABA's office area had clear signage or security measures. Without entering the premises, naturally, it was not possible to photograph the reception desk or its logo, nor was there any situation involving shared office spaces.

From the observation outside the building, there are no signs indicating the presence of a SABA office at this address, and the overall situation does not match its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker SABA in Malaysia as planned. At the publicly displayed business address, no information such as the company name of the broker was 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 opinions are for reference only and should not be considered as the final basis for selection.