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 importance of forex trading in Malaysia has become increasingly prominent. 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 Binary.com in Malaysia as planned. According to public information, its office address is Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000, Federal Territory of Labuan, 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 claiming to be located at Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000, Federal Territory of Labuan, Malaysia Binary.com.

The inspector successfully arrived at the target building, which is a serviced apartment located in a relatively bustling area of the locality, with average surrounding commercial activity. No company signage or related information for Binary.com was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After a brief communication, they were granted entry permission.

However, no company signage for Binary.com was found inside the building. There are some companies and shared offices on the second floor, but still no information about Binary.com could be located. Since the specific floor and location could not be determined, the field investigator was unable to reach the exact floor and confirm its precise position, let alone enter the company's premises. Additionally, no photos of the reception area or its logo were taken, and the office in question was not a shared workspace.

Through the lobby area, as access to the company's interior was not possible, the surveyor could not observe the internal office environment, leaving the overall situation unclear.

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

Conclusion

The on-site investigator visited the forex broker Binary.com 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 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 selection.