Purpose

The Malaysian foreign exchange market is an emerging forex market that has developed rapidly in recent years. With the continuous growth of the local economy and the gradual opening of financial markets, forex trading activities have become increasingly active. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the team conducted on-site visits in Malaysia.

Process

This month, the team is scheduled to visit a forex broker in Malaysia for an on-site inspectionABA Union. According to publicly available information, its office address is Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse, Jalan Ranca - Ranca, 87000 F.T. Labuan, Malaysia.

A professional and experienced 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 trader ABA Union purportedly located at the aforementioned address.

The team arrived smoothly at the location, which is a very small building complex. The surrounding environment is quite ordinary, with a mediocre commercial atmosphere. Upon reaching the address, there was a directory at the staircase entrance on the first floor, but no information about ABA Union company was found on it.

The team attempted to enter the building but was unable to access the interior due to the lack of relevant information about the company and failure to obtain entry permission from the building management. Consequently, they could not reach the target floor to verify the company's office area or determine whether there were any visible signs or security measures. In fact, since they were completely unable to access the company's related areas, they also failed to photograph the reception desk or its logo. Without entering the premises, they were unable to observe the internal environment or other details about the company.

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

Conclusion

The team visited the foreign exchange broker in Malaysia as planned, ABA Union, but failed to find any information such as the company name at the publicly displayed business address, 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 sole basis for final decision-making.