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 inspection team conducted on-site visits in Malaysia.

Process

The on-site inspection team visited the forex broker AUGS MARKETS in Malaysia as planned. According to public information, its office address is 1-23(A), 1st Floor, Paragon, Jalan Tun Mustapha, 87008 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 dealer claiming to be located at 1-23(A), 1st Floor, Paragon, Jalan Tun Mustapha, 87008 Labuan F.T. MalaysiaAUGS MARKETS.

The inspector successfully arrived at the target building, which is a serviced apartment located on Jalan Tun Mustapha. No obvious commercial atmosphere suitable for business operations was observed in the surrounding environment, and the overall commercial vibe is relatively average. No signage or relevant information about the company was found on the exterior of the building.

The surveyor entered the building lobby, explained their purpose to the security guard, and after a brief communication, obtained permission to enter.

Although access to the building lobby was possible, upon reaching the target floor, the field investigator found no clear signage indicating the office area for AUGS MARKETS. Unable to locate the company's specific premises, the investigator could not gain entry inside. Consequently, it was impossible to photograph the reception desk or its logo, and the office space in question was not a shared workspace.

Through the lobby area, the on-site inspectors observed that there are some companies and shared offices on the second floor of the building, but no relevant information about AUGS MARKETS was found. The overall situation does not match its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker AUGS MARKETS 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 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 sole basis for final decisions.