Purpose

The Malaysian foreign exchange market is an emerging market that has been continuously developing in recent years. With the gradual opening of the local economy and continuous innovation in the financial industry, foreign exchange trading has become increasingly important in Malaysia's financial sector. To help investors or practitioners gain a more comprehensive 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 foreign exchange broker GoldenBrokers in Malaysia as planned. According to public information, its office address is "Office Suite 1666 Level 16 (A), Main Office Tower Financial Park Complex Labuan Jalan Merdeka 87000 Labuan F.T, Malaysia".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Malaysia to conduct an on-site verification of the dealer GoldenBrokers claimed 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, which is a very luxurious structure locally. The surrounding area boasts a strong commercial atmosphere and a bustling environment. However, no signage or relevant information of the company was found on the exterior of the building.

The surveyor entered the first floor of the building and, after explaining their purpose to the security guard, was granted entry permission. However, upon entering, they discovered that the directory machine in the hallway displayed only a few lines at a time, changed very slowly, and made it impossible to take photos or stay for an extended period. There were four or five security personnel at the front desk on the first floor, who also prohibited taking photos inside the building.

Due to various restrictions, the field survey personnel were unable to reach the target floor (16th floor), and thus could not confirm whether there were any obvious signs or security measures in the GoldenBrokers office area, let alone enter the interior. Additionally, they were unable to photograph the reception desk and its logo. This office is not a shared workspace.

Through public areas, as it is not possible to enter the company's interior, the internal environment and other conditions of the company cannot be observed.

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

Conclusion

The inspection team visited the foreign exchange broker GoldenBrokers in Malaysia as planned. However, they could not find any information such as the company name at the publicly displayed business address, indicating that the broker does not have a genuine operational 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 used as the final basis for decision-making.