Purpose

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

Process

The on-site inspection team visited the forex broker Phyntex Markets in Malaysia as planned. According to public information, its office address is Unit C - 20 - 3A, Level 20, KL Trillion, 338 Jalan Tun Razak, 50400 Kuala Lumpur, 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 Phyntex Markets, which claims to be located at Unit C - 20 - 3A, Level 20, KL Trillion, 338 Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.

The inspection personnel successfully arrived at the KL Trillion building, located at 338 Jalan Tun Razak. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no company signage or related information for Phyntex Markets was found on the exterior of the building.

The surveyor entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter the lobby.

There were no water signs in the entire building, and no company information for Phyntex Markets was found inside. Without an appointment, the investigators could not reach the target floor (20th floor) to confirm the specific location, nor could they enter the company's premises. Additionally, they were unable to photograph the reception area or its logo. The office was not a shared workspace.

Through the lobby area, the on-site inspectors were unable to enter the company's interior and thus could not observe the internal environment and other conditions. Overall, it is impossible to determine whether the company is located here.

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

Conclusion

The on-site investigator visited the forex broker Phyntex Markets 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 views are for reference only and should not be considered as the final basis for decision-making.