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, the importance of forex 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 foreign exchange 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 reportedly 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 in a bustling area of Kuala Lumpur, Malaysia, with a vibrant surrounding environment and 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 personnel. After communication, they obtained permission to enter the lobby.

Inside the building, the inspectors carefully searched but did not find the water sign for Phyntex Markets. Unable to confirm whether the company is located in the building and without the possibility of scheduling an appointment to go upstairs, the inspectors could not reach the target floor, the 20th floor, and thus were unable to verify the exact location.

Because the target floor was not reached, it was not possible to photograph the reception desk and its logo. This office is also not a shared workspace.

Since the surveyor was unable to enter the company premises, they could not observe the internal office environment, making it impossible to assess whether the overall situation aligns with the company's claimed positioning.

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

Conclusion

The inspection team visited the foreign exchange broker Phyntex Markets in Malaysia as planned. At the publicly displayed business address, no information such as the company name of the broker could be found, indicating that the broker does not have a genuine business premises. 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.