Reason for this visit

Following Malta's accession to the EU in May 2004 and the introduction of the Euro on January 1, 2008, the economy has gradually integrated with the Eurozone economy, which has eliminated exchange rate risks, reduced transaction costs and created a favorable environment for foreign investors. Due to Malta's tight financial regulation, its financial system is less liquid, which has led to the country's investment bias being diversified, with its financial institutions investing mainly in high performing stocks or debt. As a result, Malta is one of the EU countries least affected by the financial crisis.

Malta has a free flow of foreign exchange. This means that foreign exchange can be traded freely and foreign capital can move freely in and out of Malta. Also, foreign companies are free to open foreign currency accounts with banks to deposit foreign currency and can freely remit profits earned in Malta without further special taxes. To help investors or practitioners have a more comprehensive understanding of the forex dealer in Malta, the survey team went to the country for field visits.

On-site visit

This time the survey team visited the dealer Forex Oclock in Malta, with the specific address at K2, First floor, Forni Complex, Valletta Waterfront Floriana, Malta.

Based on the above address, the survey team came to the destination of this survey, a dilapidated building near the pier. Adjacent to the waterfront, there were many restaurants, bars and small businesses nearby. The company's logo was visible outside the building, but the surveyors only saw the FXDD sign but not Forex Oclock. In the end, the surveyors failed to find any information about Forex Oclock near the destination.

The surveyors saw the inside of the office through the glass, where documents were scattered all over the place, and there were no office items. Obviously, the office has been vacant for a long time. And there was no information about the dealer Forex Oclock around the office.

Conclusion

The survey team went to Malta, to visit the dealer Forex Oclock and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.