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 NEXUSFINTRADE in Malaysia as planned. According to public information, its office address is Suite 7 - 3, Level 7, Menara IMC, No. 8, Jalan Sultan Ismail, 50250, Kuala Lumpur, 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 dealer NEXUSFINTRADE, which claims to be located at Suite 7 - 3, Level 7, Menara IMC, No. 8, Jalan Sultan Ismail, 50250, Kuala Lumpur, Malaysia.

The inspection personnel successfully arrived at Menara IMC building, located on Jalan Sultan Ismail, surrounded by a bustling environment with a strong commercial atmosphere. No signage or relevant information of the company was 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.

Upon entering the building, it was discovered that there were many large-scale financial companies inside, but there was no NEXUSFINTRADE signage. The mailboxes had information about each company posted on them, and the company information corresponding to the mailbox on the 7th floor was empty, with no company details written.

Due to the lack of an appointment, the inspection personnel were unable to reach the target floor (7th floor), thus failing to confirm the company's specific location. They also could not enter the company's premises or observe and photograph the reception area and its logo. This office is not a shared workspace.

Since access to the company's interior was not possible, the internal office environment could not be observed, and the overall situation did not align with its claimed positioning.

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

Conclusion

The inspection team visited the foreign exchange broker NEXUSFINTRADE in Malaysia as planned. However, they found no information such as the broker's company name at its 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 sole basis for final decision-making.