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, the on-site inspection team conducted field visits in Malaysia.

Process

The on-site inspection team visited the forex broker ICM Capital in Malaysia as planned. According to public information, its office address is Office Suite 1623, Level 16 (A), Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 F.T., Labuan.

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 ICM Capital claimed to be located at the aforementioned address.

The inspection personnel successfully arrived at the Financial Park Complex, located in the most central area of Labuan Island, surrounded by a bustling environment and a strong commercial atmosphere. This building is considered very luxurious locally, but no company logos or related information were found on the exterior of the building.

The inspector entered the first floor of the building and explained their purpose to the security personnel. There were four or five security guards at the front desk on the first floor, but after communication, permission to enter was not granted.

The water dispenser machine in the hallway displays only a few lines at a time and changes very slowly, making it impossible to take photos or linger for long.

Due to the inability to enter the building and reach the target floor (16th floor), it was impossible to determine whether ICM Capital's office area had any noticeable signage or security measures.

Cannot enter the interior, nor can the front desk or its logo be photographed, and this office is not a shared workspace.

Due to not being allowed to enter the company, it was impossible to observe the internal office environment, making it difficult to confirm whether it aligns with the positioning claimed by the trader.

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

Conclusion

The inspection team visited the forex broker ICM Capital in Malaysia as planned. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker does 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 used as the final basis for selection.