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, the demand for foreign exchange trading has been increasing. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team visited Malaysia for field research.

Process

The on-site inspection team visited the forex broker sixamo FX in Malaysia as planned. According to public information, its office address is 9-2, Main Office Tower, FPL, Jalan Merdeka, 87000 Labuan Federal Territory, 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 claiming to be located at 9-2, Main Office Tower, FPL, Jalan Merdeka, 87000 Labuan Federal Territory, Malaysiasixamo FX.

The inspection personnel successfully arrived at the target building, which is a financial center tower located in the most central area of Labuan Island. The building is considered very luxurious locally, with a strong surrounding commercial atmosphere. However, no company logo or related information of sixamo FX was found on the exterior of the building.

The surveyor entered the building lobby and stated their purpose to the security personnel. After communication, they obtained permission to enter.

Upon entering the building, it was observed that the directory display machine in the hallway only showed a few lines at a time and changed very slowly, making it impossible to take photos or linger for long. There were four or five security personnel at the front desk on the first floor, who also prohibited photography inside the building. Due to these restrictions, the field investigator was unable to locate the company directory for sixamo FX within the building, could not access the specific floor to confirm the exact location, and was unable to enter the company premises. Additionally, since access to the company was denied, it was impossible to photograph the reception area or its logo, and the office was not a shared workspace.

Through the glass door, it is impossible to clearly see the interior, making it difficult to observe the company's internal environment, decoration style, and employee activities. The overall situation cannot be confirmed to align with its claimed positioning.

Therefore, after the on-site inspection, it cannot be confirmed whether the dealer sixamo FX exists at the above address.

Conclusion

The inspection team visited the foreign exchange broker sixamo FX in Malaysia as planned. At the publicly displayed business address, they were unable to find any information such as the company name of the broker, indicating that the broker may 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.