Purpose

The Malaysian foreign exchange market is an emerging forex market that has developed in recent years. With the growth of the local economy and the gradual opening of financial markets, forex trading activities have become increasingly active. 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 YLD FX in Malaysia as planned. According to public information, its office address is Unit 3A - 23A Level 3A Labuan Times Square Jalan Merdeka, 87000 FT Labuan, 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. Based on the aforementioned information, they conducted an on-site visit to the dealer YLD FX.

The on-site inspector proceeded to the target area based on the address information to conduct a physical verification of the trader claiming to be located at Unit 3A - 23A Level 3A Labuan Times Square Jalan Merdeka, 87000 FT Labuan, MalaysiaYLD FX.

The inspection personnel successfully arrived at the target building, which is located by the port of Labuan Island and resembles an office building. The surrounding environment is quite ordinary, with a lack of strong commercial atmosphere. No company signage or related information was found on the exterior of the building, although a directory board was photographed, which also contained no company-related details.

The surveyor entered the building lobby and, after stating their purpose to the security guard, was granted permission to enter.

However, no company nameplate YLD FX was found inside the building, nor was the company's logo visible. Due to the inability to obtain specific floor information, the inspection personnel could not reach the designated floor to confirm the exact location, and naturally, they were unable to enter the company's premises. It was not a shared office space, and they could not photograph the reception area or its logo either.

Since access to the company's interior is not permitted, it is impossible to observe the internal office environment. The overall situation does not align with its claimed positioning of having an office space.

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

Conclusion

The inspection team visited the forex broker YLD FX 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 views are for reference only and should not be used as the final basis for selection.