Purpose

The Egyptian foreign exchange market is an emerging market that has developed in modern times. With the growth of Egypt's economy and the increasing openness to the outside world, the importance of foreign exchange trading in its financial sector has become increasingly prominent. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Egypt.

Process

The on-site inspection team visited the forex broker Al Ahram in Egypt as planned. According to public information, its office address is 4 El-Shawarby St. – Downtown.

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 claiming to be located at 4 El-Shawarby St. – Downtown Al Ahram.

The field investigator successfully arrived at the target location, but surprisingly, it turned out to be a residential apartment. The surrounding environment lacked a strong commercial atmosphere, and no company signage or related information was found.

The inspector entered the apartment lobby and explained their purpose to the security guard, who informed them that there was no company named Al Ahram here. Although they were able to enter the lobby, no signage or logo for the company was found inside the building.

Since the specific floor and location cannot be confirmed, the on-site inspector cannot reach the exact floor to verify the company's precise position, and naturally, they cannot enter the company's interior. It is impossible to photograph the reception area and the logo at the front desk, and the premises are not a shared office space.

Through the apartment lobby, the on-site inspectors were unable to observe the internal environment of the company and other conditions. The overall situation does not match its claimed positioning as a forex trader.

Therefore, after on-site verification, it was confirmed that the dealer Al Ahram does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Al Ahram in Egypt as planned. At the publicly displayed business address, no information such as the company name of the broker could be 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 opinions are for reference only and should not be considered as the final basis for decision-making.