Purpose

The Egyptian foreign exchange market is an important emerging forex market that has developed in modern times, holding a pivotal position in the financial sector of the African region. With the advancement of global economic integration, the activity level of Egypt's forex market continues to rise, attracting the attention of numerous investors and professionals. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Egypt.

Process

The on-site inspection team visited the foreign exchange broker Ahli United in Egypt as planned. According to public information, its office address is "Ahli United Bank (Egypt) S.A.E, 81 El-Tesseen Street, Sector A, Fifth Settlement, Cairo, Egypt".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Egypt to conduct an on-site verification of the trader Ahli United claimed to be located at the said address.

The inspection personnel successfully arrived at the target building, which is located in a bustling area of Cairo, Egypt, with a vibrant surrounding environment and a strong commercial atmosphere. The company's logo is clearly visible on the exterior of the building, but it is eye-catching and differs from the trader's name.

The surveyor entered the building lobby and explained their purpose to the security personnel. After a brief registration, they successfully obtained entry permission. Upon inquiring at the front desk, they learned that the company had changed its name, but operations were still running normally.

Upon arriving at the target floor, the field investigator noticed clear signage and security measures in the office area. Thanks to prior preparations, the investigator smoothly gained access to the interior. Not only were they able to photograph the reception desk and its logo, but they also confirmed that the office space was not a shared workspace.

Through the reception area, the inspectors observed a bustling office environment inside the company, with approximately 3 rooms and around 11 workstations. Employees were conducting business in an orderly manner. The overall environment aligns with its claimed positioning, further confirming that this is a genuine and well-operating company.

Therefore, after on-site verification, it is confirmed that the broker Ahli United exists at the above address after the name change.

Conclusion

The inspection team visited the foreign exchange broker Ahli United in Egypt as planned. The broker's company name and other information could be seen at its publicly displayed business address, indicating that the broker has a genuine operational presence. 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 final basis for decision-making.