Purpose

The Malaysian foreign exchange market is an emerging forex market that has developed in recent years. With the continuous growth of Malaysia's economy and the gradual opening of its financial markets, forex trading has become increasingly important in the country's financial sector. 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 forex broker Grex Capital in Malaysia as planned. According to public information, its office address is Level 14(B) & 14(C), Main Office Tower, Financial Park Labuan Complex, Jalan Merdeka, 87000, Labuan F.T..

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 claiming to be located at Level 14(B) & 14(C), Main Office Tower, Financial Park Labuan Complex, Jalan Merdeka, 87000, Labuan F.T. Grex Capital.

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 first floor of the building and explained their purpose to the security or staff. After communication, they obtained permission to enter.

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, and photography is also prohibited inside the building. As a result, it is impossible to reach specific floors and confirm exact locations, making it difficult to determine whether Grex Capital's office area has clear signage or security measures. Due to these reasons, the field investigator cannot enter the premises. However, photos of the front desk and its logo can be taken, confirming that this office is not a shared workspace.

Through the glass door, it was impossible to observe the internal environment, decoration style, employee activities, etc., as access to the interior was restricted. Therefore, it could not be determined whether the overall environment aligns with its claimed positioning.

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

Conclusion

The on-site investigator visited the foreign exchange dealer Grex Capital in Malaysia as planned, but found no information such as the company name at the publicly displayed business address, indicating that the dealer 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.