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    WikiFX Visited CIMB Bank in Malaysia

    Abstract:As Southeast Asia speeds up its pace of opening up its financial market to the world, forex trading has become a popular type of investment. The number of forex investors is growing every year as forex becomes increasingly available for people.
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      Name of the company: CIMB Bank

      Address: Level 14(A), Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 Labuan F.T., Malaysia.

      Visited by: WikiFX team

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      CIMB Bank's location

      Background

      As Southeast Asia speeds up its pace of opening up its financial market to the world, forex trading has become a popular type of investment. The number of forex investors is growing every year as forex becomes increasingly available for people. According to The Edge Markets, a leading business and financial media in Malaysia, CIMB Group‘s annual growth rate of net profit reached 25.1% for 3 consecutive years during fiscal year 2015-2018, the highest growth rate among all entities with market value over 10 billion ringgits in Malaysia’s financial service sector.

      In recent years, CIMB Banks influence on the Southeast forex market expands rapidly, making it a reputable forex broker among investors. In order to help investors learn about the broker in detail, WikiFX decided to visit the licensed branch of CIMB Bank in Malaysia.

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      CIMB Group's net profit

      On-the-spot investigation

      According to the address from regulatory information, WikiFX team reached Financial Park Labuan Complex. Local residents told us that the complex, covering 12 acres, is the largest business landmark on the Labuan Island. After entering the building, we filled out the visitor registration form as instructed and followed the direction signs to level 14, where we found CIMB Banks licensed office in Malaysia. Through the glass door of the office, we saw around 10 cubicles inside, and the working environment looked neat and organized.

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      Floor directory

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      Direction signs of companies located at level 14

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      CIMB Banks Reception

      Investigation summary

      We confirm after the visit that CIMB Banks licensed branch in Malaysia is indeed located at the address from its regulatory information and is currently in business.

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      The regulatory record of CIMB Bank from LFSA website

      Conclusion

      Per checking WikiFX App, CIMB Bank is rated at 5.76 and its 2 MM licenses from Labuan Financial Service Authority (LFSA) are both in valid regulation. Investors may safely choose this compliant broker.

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      CIMB Banks rating on the WikiFX App

      Up till now, WikiFX team has visited thousands of brokers across the world, with many visit reports now presented with VR technology. In addition, the WikiFX App has recorded the profiles of over 13,000 forex brokers in order to offer investors comprehensive forex information.

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