Purpose

The Malaysian foreign exchange market is an emerging 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 foreign exchange 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 IBH in Malaysia as planned. According to public information, its office address is Unit 6F (2), Main Office Tower, Financial Park Labuan, Jalan Merdeka, 87000, Labuan F.T., Malaysia.

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 IBH, which claims to be located at Unit 6F (2), Main Office Tower, Financial Park Labuan, Jalan Merdeka, 87000, Labuan F.T., Malaysia.

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

The surveyor entered the first floor of the building and explained their purpose to the security or staff. After communication, they obtained permission to enter. However, the directory machine in the hallway only displayed a few lines at a time and became extremely slow, 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 confirm the specific floor location, the field survey personnel could not reach the target floor, and thus were unable to verify whether IBH had clear signage or security measures in the office area. Because of various restrictions, the surveyors could not enter the interior, nor could they photograph the reception area or the logo at the front desk. Additionally, this office is not a shared workspace.

Since entry is not allowed, it's impossible to observe the internal office environment of the company, making it difficult to judge whether it aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker IBH in Malaysia as planned, but found no information such as the company name at the publicly displayed business address, indicating that the broker does not have a genuine operational presence. 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 sole basis for final decisions.