Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. Leveraging its advantageous geographical location, open economic policies, and advanced financial infrastructure, it has attracted the attention of numerous international financial institutions and investors. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the on-site inspection team traveled to the UAE for field visits.

Process

This issue's on-site inspection team went to the UAE as planned to visit forex broker Horbax FX. According to public information, its office address is Clover Bay Tower Business Bay, Dubai United Arab Emirates.

A professional and experienced survey team, with a sense of mission to strictly check for investors, went to the United Arab Emirates according to a thorough plan. They conducted an on-site inspection of the broker Horbax FX, which claims to be located at Clover Bay Tower, Business Bay, Dubai, United Arab Emirates.

The surveyors arrived smoothly at Clover Bay Tower, which is located in the center of Dubai city. It is a super luxury office building with a strong business atmosphere and bustling surroundings. There is complete directory information on the first floor of the building, but the surveyors did not find any relevant signs of Horbax FX on the directory. Moreover, there is no floor information in the public address, making it impossible to determine the specific location upstairs.

After entering the lobby of the building, although not obstructed, the surveyors were unable to obtain permission to enter the target floor because they could not determine the specific floor.

Unable to reach the target floor, the surveyors could not find the office area of Horbax FX, nor any obvious signs or security measures. They could not enter the interior, nor could they take photos of the front desk and its logo. The office space is not a shared office.

Therefore, after the survey, it was confirmed that the broker Horbax FX does not exist at the above address.

Conclusion

The field inspectors went to the UAE as planned to visit forex broker Horbax FX on site. 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 premises. Investors should make their choice after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and do not serve as the basis for final selection.