Reason for this visit

Given Cambodia's high dependence on foreign exchange reserves, it is inevitably highly open to the investment, with almost zero threshold for the foreign investment. Relying on the the opening-up policy, Cambodia has sustained economic growth, rapid expansion of domestic production capacity, and the corresponding improvement of national infrastructure and financial investment regulations, all of which are conducive to its growth as the next "financial center". Recently, investors have called to ask for more exposure of licensed dealers in Cambodia whose actual addresses are inconsistent with the regulatory addresses. Based on the feedback from investors and the work plan of the survey team, the survey team are going to visit Aronex, a licensed dealer in Cambodia, to learn more about the actual situation.

On-site visit

According to the regulatory information, the dealer Aronex is licensed by the Cambodian regulator and located at No.22, Street 78, Sangkat Tonle Basac, Khan Chamkarmorn, Phnom Penh. The survey team thus decided to have an on-site visit to this regulatory address for confirmation.

The building where the dealer's office was located was a professional office building with high floor height and convenient transportation in the bustling area of Phnom Penh, the capital of Cambodia. However, the surveyors could not find the dealer's logo or other information in the building. They inquired the front desk and learned that the dealer had been closed and the specific whereabouts were unknown.

Conclusion

The survey team visited the dealer Aronex in Cambodia as planned and did not find the dealer's logo on its publicly displayed address. It was supposed that the dealer did not have an office at the address as well as normal operations. Please be prudent when trading with this broker.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.