Purpose

The Malaysian foreign exchange market has developed into a significant forex market in Southeast Asia over recent decades. With the continuous growth of the local economy and the gradual opening of financial markets, forex trading holds an important position in Malaysia's financial system. 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 Antos Pinnacles in Malaysia as planned. According to public information, its office address is 1-23A, 1st Floor, Paragon, Jalan Mustapha, 87000 Labuan F.T., 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 Antos Pinnacles claiming to be located at the aforementioned address.

The inspector successfully arrived at the target building, which is a serviced apartment located in a specific geographical area of Malaysia. In terms of the surrounding environment, there are some companies and shared offices on the second floor, but the overall commercial atmosphere is average. No signage or relevant information about the company was found on the exterior of the building.

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

However, no signage of the company was found inside the building, nor was its logo visible. Due to the inability to locate specific information about the company, the investigators could not reach the exact floor or confirm its precise location. As a result, they were unable to enter the company's premises, photograph the reception area or its logo, and noted that the office was not a shared workspace.

Through the lobby area, as access to the company's interior was not possible, the internal environment and other conditions of the company could not be observed. Overall, no relevant traces of the company were found on-site, which does not match its claimed positioning.

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

Conclusion

The inspection team visited the forex broker Antos Pinnacles in Malaysia as planned. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker does not have a genuine business location. 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 sole basis for final decisions.