Purpose

The Malaysian foreign exchange market is an emerging market that has developed in recent years. With the continuous growth of Malaysia's economy and the gradual opening of its financial markets, the importance of foreign exchange trading in the region has become increasingly prominent. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this area, an on-site inspection team conducted field visits in Malaysia.

Process

The on-site inspection team visited the foreign exchange broker ASN - FX in Malaysia as planned. According to public information, its office address is "1 - 1 FLR 1, FTTH MENARA WORLDWIDE, JLN BUKIT BINTANG, KUALA LUMPUR, 55100 KUALA LUMPUR WILAYAH PERSEKUTUAN".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for clients, meticulously planned and traveled to Malaysia to conduct an on-site verification of the trader ASN - FX, which claimed to be located at the specified address.

The inspection personnel successfully arrived at the target building, which is located on the bustling Jalan Bukit Bintang in Kuala Lumpur, surrounded by a vibrant environment and a strong commercial atmosphere. However, no signage or relevant information of 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, although permission to enter the building was granted, due to strict security measures and the absence of the company's directory information in the building, the surveyor could not determine the specific floor where the company was located, nor were they granted permission to proceed to the target floor.

Due to the inability to reach the target floor, the inspection personnel were unable to find any obvious signage for the ASN - FX office area, nor could they enter the interior. Additionally, this location is not a shared office space.

Through the lobby area, as the specific location of the company could not be determined, the on-site inspector was unable to observe the internal environment of the company and thus could not assess whether the overall environment aligns with its claimed positioning.

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

Conclusion

The inspection team visited the foreign exchange broker ASN - FX in Malaysia as planned, but found no information such as the company name at the 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.