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 important in Malaysia's financial sector. 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 forex broker FTAG Capital Markets in Malaysia as planned. According to public information, its office address is Lot A1, Level 15(A), Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 Labuan F.T.

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 trader FTAG Capital Markets reportedly located at Lot A1, Level 15(A), Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 Labuan F.T.

The inspection personnel successfully arrived at the Financial Center Building, located in the most central area of Labuan Island, surrounded by a bustling environment and a strong commercial atmosphere. This building is considered very luxurious locally, but no company logos or related information were 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 directory machine in the hallway displayed only a few lines at a time and changed very slowly, making it impossible to take photos or stay for an extended period. There were four or five security guards at the front desk on the first floor, who also prohibited taking photos inside the building.

Due to various restrictions, we were unable to reach the target floor 15(A), and thus could not determine whether there were any obvious signs or security measures in the FTAG Capital Markets office area. Since we couldn't access the specific floor, we were unable to enter the interior, take photos of the reception area or its logo, and this office is not a shared workspace.

Through the lobby area, it is impossible to observe the internal environment of the company, so it is not possible to determine whether the overall environment aligns with its claimed positioning.

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

Conclusion

The inspection team visited the foreign exchange broker FTAG Capital Markets 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 location. 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 sole basis for final decision-making.