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, 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 inspection team conducted on-site visits in Malaysia.

Process

The on-site inspection team visited the forex broker UW Global in Malaysia as planned. According to public information, its office address is Unit Level 3A & 3B, Block 4, Financial Park Labuan, Jalan Merdeka, 87000 Federal Territory of 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 to conduct an on-site verification of the trader UW Global claiming to be located at the said address.

The inspection personnel successfully arrived at the Financial Center Building, located in the most central area of Labuan Island, surrounded by a bustling environment and a strong commercial atmosphere. This building is considered very luxurious locally, but no company logos or related information were found on the exterior of the building.

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

However, the water dispenser machine in the hallway only displays a few lines at a time and changes very slowly, making it impossible to take photos or linger for long. There are four or five security personnel at the front desk on the first floor, who also prohibit taking photos inside the building. The field investigator was unable to reach the target floor to confirm the exact location, as it was impossible to verify whether the company actually exists within the building. Due to these reasons, the investigator could not enter the company's premises, take photos of the front desk or its logo, and the office was not a shared workspace.

Through the hallway, the on-site inspector was unable to observe the internal environment of the company, making it impossible to confirm whether it aligns with the positioning claimed by the trader.

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

Conclusion

The on-site investigator visited the forex broker UW Global 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.