Purpose

The Malaysian foreign exchange market is an emerging forex market that has developed in recent years. With the continuous growth of Malaysia's economy and the gradual opening of its financial markets, forex trading has become increasingly important in the country's financial sector. 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 MUFG in Malaysia as planned. According to public information, its office address is Level 12(A&F), Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 Labuan F.T..

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 trader MUFG reportedly located at Level 12(A&F), Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 Labuan F.T.

The inspection personnel successfully arrived at the financial center building, which is located in the most central area of Labuan Island. The architecture is considered very luxurious locally, with a strong commercial atmosphere in the surrounding area. However, no company logo or related information of MUFG was found on the exterior of the building.

The surveyor entered the first floor of the building and, after explaining their purpose to the security guard, obtained permission to enter. However, the directory machine in the hallway displayed only a few lines at a time and changed very slowly, making it impossible to take photos or stay for an extended period. There were four or five security personnel at the front desk on the first floor, who also prohibited taking photos inside the building.

Due to the inability to obtain valid information, the on-site inspectors could not reach the target floor (12th floor) to confirm the specific location, and thus could not determine whether MUFG had clear signage or security measures in its office area. Given these limitations, the inspectors were unable to enter the company premises, take photos of the reception area or its logo, and confirmed that the office is not a shared workspace.

Through the public areas of the building, due to security restrictions, it is not possible to observe the internal environment of the company and other related conditions.

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

Conclusion

The on-site investigator visited the forex broker MUFG in Malaysia as planned. 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 opinions are for reference only and should not be used as the final basis for selection.