Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. With its advantageous geographical location, open financial policies, and advanced financial infrastructure, it has attracted the attention of many international financial institutions and investors. To help investors or practitioners gain a more comprehensive understanding of the forex dealers in the region, the survey team went to the UAE for an on-site visit.

Process

The on-site inspection team went to the UAE as planned to visit forex dealer FXGLOBAL. According to public information, its office address is Clover Bay Tower Office Number 1707 Business Bay, Dubai, UAE.

A professional and experienced on-site survey team, driven by a sense of mission to strictly safeguard investors, traveled to the UAE in accordance with a meticulous plan. They conducted an on-site verification of the trader FXGLOBAL, who claimed to be located at Clover Bay Tower Office Number 1707 Business Bay, Dubai, UAE.

The surveyors successfully arrived at Clover Bay Tower, which is located in the most central area of Dubai, with a bustling surrounding environment and a strong commercial atmosphere. However, no company logo or related information of FXGLOBAL was found outside the building.

The surveyors entered the building's lobby and, after explaining their purpose to the security guard, were granted entry. However, no relevant information about FXGLOBAL was found on the building's directory.

They attempted to go to the target floor, the 17th floor, but found that the corresponding office 1707 belonged to another company, not FXGLOBAL. Since the specific location of the company could not be confirmed, the surveyors could not enter the interior, nor were they able to photograph the reception desk and its logo. Moreover, the office was not a shared office.

Even through the glass door, the internal office environment could not be observed. The overall situation did not match its claimed positioning.

Therefore, after the on-site survey, it was confirmed that the trader FXGLOBAL does not exist at the above address.

Conclusion

The field investigators went to the UAE as planned to visit forex broker FXGLOBAL. At its publicly displayed business address, they could not see the broker's company name or other information, indicating that the broker does not have a real business premise. Investors should make their decisions after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the basis for final selection.