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. 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 forex broker RenHe in Malaysia as planned. According to public information, its office address is A-32-8, 5 A Menara UOA Bangsar-H TWR, JLN Bangsar UTAMA 1, Bangsar, 59000 Kuala Lumpur, 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 trader RenHe purportedly located at A-32-8, 5 A Menara UOA Bangsar-H TWR, JLN Bangsar UTAMA 1, Bangsar, 59000 Kuala Lumpur, Malaysia.

The inspection personnel successfully arrived at the target building, which is located in a relatively bustling area of Kuala Lumpur. It is a luxurious office tower with a vibrant surrounding environment and a strong commercial atmosphere. However, no signage or relevant information of RenHe company was found on the exterior of the building.

The inspector entered the building lobby, explained their purpose to the security personnel, and after a brief communication, obtained permission to enter.

However, the on-site investigator could not find the information of RenHe company on the directory machine in the lobby. Unable to determine the specific floor and location, the investigator failed to reach the target floor. Consequently, there was no way to verify whether RenHe company's office area had clear signage or security measures. The investigator could not enter the premises, nor could they photograph the reception area or the front desk logo. This office is not a shared workspace.

Since it is not possible to enter the company premises, the internal environment and other conditions of the company cannot be observed.

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

Conclusion

As planned, the field investigator visited the forex broker RenHe in Malaysia. However, no information such as the company name of the broker was found 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 considered as the final basis for selection.