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 in Malaysia. 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 Ridder Trader in Malaysia as planned. According to public information, its office address is BO1 - C - 9 - 1, Menara 2, Level 15 - 19, No.3, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, 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 Ridder Trader claiming to be located at the aforementioned address.

The inspection personnel successfully arrived at the target building, which is located in a bustling area of Kuala Lumpur, Malaysia, with a strong commercial atmosphere in the surrounding area. However, no company logo or related information of Ridder Trader was found on the exterior of the building.

The inspector arrived at the building and found it closed, with no access possible. Attempts to communicate with people around the building also failed to secure entry permission.

Since access to the building was not possible, we couldn't reach the target floors (15-19) to inspect the office area of Ridder Trader. However, through conversations with people nearby, we learned that this address corresponds to a shared office space.

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

Conclusion

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