Purpose

The Malaysian foreign exchange market is an emerging market that has developed in recent years. With the 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 YUTAKA SHOJI in Malaysia as planned. According to public information, its office address is Level 21, Tower 2, Etiqa Twins, No.11, Jalan Pinang, 50450 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 broker YUTAKA SHOJI, which claims to be located at Level 21, Tower 2, Etiqa Twins, No.11, Jalan Pinang, 50450 Kuala Lumpur, Malaysia.

The inspector successfully arrived at Etiqa Twins Tower 2, located in a bustling area of Kuala Lumpur with a vibrant surrounding environment and strong commercial atmosphere. However, no company signage or related information for YUTAKA SHOJI was found on the exterior of the building.

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

However, no company signage for YUTAKA SHOJI was found in the lobby. When the inspection team intended to proceed to the target floor, the 21st floor, the receptionist informed them that the company had already moved out and denied access to the upper floors. As a result, the inspectors were unable to reach the specific floor to confirm the exact location, nor could they enter the company's premises. Additionally, the office was not a shared workspace.

Since access to the company's interior was not possible, the internal office environment could not be observed, and the overall situation does not align with its claimed positioning of still operating from this location.

Therefore, after on-site verification, it was confirmed that the dealer YUTAKA SHOJI does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker YUTAKA SHOJI 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.