Purpose

The Malaysian foreign exchange market is an emerging market that has developed in recent years. With the continuous growth of the local economy and the gradual opening of the financial market, foreign exchange trading has become increasingly active in Malaysia. 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 FXCE in Malaysia as planned. According to public information, its office address is "Lot A020, Level 1, Podium Level, Financial Park, Jalan Merdeka, 87000 Labuan F.T., 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 FXCE claiming to be located at the aforementioned address.

The inspection personnel successfully arrived at the Financial Center building, located in the most central area of Labuan Island. The building is considered very luxurious locally, with a strong commercial atmosphere in the surrounding area. However, no company logo or related information of FXCE 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, the water dispenser machine in the hallway only displays a few lines at a time and changes very slowly, making it impossible to take photos. Additionally, lingering for long periods is not allowed. There are four or five security personnel at the front desk on the first floor, and they also prohibit taking photos inside the building.

Due to these limitations, it is not possible to confirm whether a specific floor can be reached or to determine the exact location of FXCE, nor were any clear signs of FXCE's office area found.

Due to strict security measures, the on-site inspectors were unable to enter the company's interior, nor could they photograph the reception area or the logo at the front desk. Additionally, this office is not a shared workspace.

Through the lobby area, as it was not possible to enter the company's interior, the internal office environment could not be observed, making it impossible to determine whether the overall environment aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker FXCE 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 operational 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 used as the final basis for decision-making.