Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. Leveraging its advantageous geographical location, open financial policies, and developed economic system, 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 conducted a field visit to the UAE.

Process

This time, the survey team went to the UAE as planned to visit forex broker Goldstocks in person. According to public information, its office address is Sheikh Zayed Road, Office 2024, API Tower, Dubai, United Arab Emirates.

A professional and experienced on-site inspection team, with a mission to strictly safeguard investors, traveled to the United Arab Emirates following a well-planned itinerary. They conducted an on-site verification of the broker Goldstocks, which claimed to be located at via Sheikh Zayed Road, Office 2024, API Tower, Dubai, United Arab Emirates.

The on-site inspectors arrived smoothly at API Tower, which is located in central Dubai, adjacent to the World Trade Center metro station, with a bustling surrounding environment and a strong commercial atmosphere. The building is located next to an ultra-luxury office building in downtown Dubai. On the first floor, there is a complete company directory, but no signage or related information of Goldstocks was found.

The inspectors entered the building lobby, indicated their purpose to the security guard, and obtained permission to enter.

However, no signage of Goldstocks was found inside the building. Since the specific floor and location could not be confirmed, the inspectors were unable to reach the target floor and thus could not enter the company's interior. At the same time, they were also unable to photograph the front desk and its logo. The office is not a shared office. Through the lobby, the internal environment of the company could not be observed. The overall situation does not conform to its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that the broker Goldstocks does not exist at the above address.

Conclusion

The surveyors went to the UAE as planned to visit the forex broker Goldstocks. At its publicly displayed business address, they did not see the company name or other information of the broker, indicating that the broker does not have a real business location. Investors should make their decisions after comprehensive consideration.

Disclaimer

The above content and views are for reference only and do not constitute the basis for final decisions.