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 foreign exchange broker BLACKWATTLE in Malaysia as planned. According to public information, its office address is 29 - 02, Binjai 8, Lorong Binjai, Kuala Lumpur, 50540 Kuala Lumpur, Federal Territory of Kuala Lumpur.

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 trader BLACKWATTLE claiming to be located at the aforementioned address.

The inspector successfully arrived at the target building, which is a SOHO rather than a traditional office building, located in a specific geographical area of the locality. The surrounding environment differs from traditional office districts, with a relatively average commercial atmosphere. No signage or relevant information of the company was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After communication, although permission to enter the lobby was granted, they were unable to go upstairs due to the building's SOHO nature.

Due to the inability to go upstairs, the field survey personnel failed to reach the target floor, so no obvious signage or security measures were found in the BLACKWATTLE office area, nor could they enter the company's interior. Additionally, this office space is not a shared workspace.

Through the lobby, as the interior of the company cannot be seen, it is impossible to observe the internal environment and other aspects, making it difficult to judge whether the overall situation aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker BLACKWATTLE 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 premises. 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.