There were investors recently calling WikiFX to report that they could not learn much about Sumitomo Mitsui from its website. In order to meet the demand of investors to know more about Sumitomo Mitsui and check its legitimacy, WikiFX decided to pay a field visit to this Malaysian broker.
According to regulatory information, Sumitomo Mitsui’s office in Malaysia is at Level 12 (B&C) Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 Labuan F.T. WikiFX sent its survey team to this place for a field investigation.
According to the address, WikiFX’s survey team came to Jalan Merdeka Street and found the Financial Park Complex. Adjacent to a shopping center, the 17-storey office building is the tallest on Labuan Island. The office building is of some age and the style of each floor is much the same.
The Surveyors entered the building and took an elevator to the 12th Floor, where a directory sign in the corridor revealed that Sumitomo Mitsui was indeed based there. According to the sign, the surveyors found the company’s office. They looked through the transparent glass door into the office and decided that it was a 10-people-or-so sized firm. Unfortunately, the surveyors did not get permission to get inside and photograph the interior of the office.
A field investigation by WikiFX confirmed that the actual address of Sumitomo Mitsui’s Malaysian office was consistent with its regulatory address. According to the information WikiFX has, this Japanese consortium holds a full license from Labuan Financial Services Authority (LFSA). WikiFX reckons that it was a company compliant with relevant laws and regulations and that investors may rest assured to invest with it.
Within 1 year | MalaysiaRegulation | Full License(MM) | No MT4/5
Sumitomo Mitsui Banking
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