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, forex 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 conducted field visits in Malaysia.

Process

The on-site inspection team visited the foreign exchange broker Global Capital Market in Malaysia as planned. According to public information, its office address is Q4 - 17/BT, U0066, 1st Floor, Jalan Okk Awang Besar, P.O.Box 82257, 87007 Labuan FT, Malaysia.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Malaysia to conduct an on-site verification of the trader Global Capital Market claimed to be located at the said address.

The field investigator located the approximate area based on the address, but there were no office buildings in the vicinity. The overall environment was relatively open with a weak commercial atmosphere, and no information about the company was found.

No company logos or related information were found on the exterior of the building, and since there was no building that met the criteria in the first place, there was no situation of entering the building.

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

Conclusion

The on-site investigator visited the forex broker Global Capital Market 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 views are for reference only and should not be considered as the final basis for selection.