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 AGF, a licensed dealer in Japan, to learn more about the actual situation.

On-site visit

According to the regulatory information, the dealer AGF is licensed by the Cambodian regulator and located at VTrust Tower, 8th (D) Floor, Czechoslovakia Boulevard (St169), Sangkat Veal Vong, Khan 7 Makara, Phnom Penh, Cambodia. 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 in the bustling area of Phnom Penh, the capital of Cambodia. The interior building was clean and tidy. The surveyors found the dealer's office on the 8th floor, whose logo could be seen through the glass door. However, they were stopped by the staff to enter or take pictures. 

Conclusion

The survey team went to visit the dealer AGF in Cambodia as planned. The dealer’s logo can be found on the publicly displayed address, indicating that the dealer had a real business place. However, the surveyors failed to enter the company for further visit, so the specific scale of the business remained unknown. 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.