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 gradually become one of the important hubs for global forex trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the inspection team conducted an on-site visit to the UAE.

Process

This time, the verification team planned to go to the UAE to visit the forex broker BondFord Commercial, according to public information, its office address is Office 807 - 808, Ubora Tower, Business Bay, Dubai, U.A.E.

A professional and experienced site inspection team, with a sense of mission to strictly check for investors, went to the UAE according to careful planning. They conducted an on-site inspection of broker BondFord Commercial, which claims to be located at Office 807 - 808, Ubora Tower, Business Bay, Dubai, U.A.E.

The inspectors successfully arrived at Ubora Tower, an ultra-luxury office building in the heart of Dubai. The surrounding area is bustling with a strong commercial atmosphere. However, no company signage or related information of BondFord Commercial was found outside the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After communication, although they obtained permission to enter the lobby, they were told that security is strict in the office building and that an appointment is required in advance to go upstairs.

Inside the building, no company nameplate for BondFord Commercial was found, and no LOGO of the company was seen. Since they had no appointment, the inspectors were unable to reach the target floor, the 8th floor, and thus could not confirm the company's exact location, let alone enter the company's office. Meanwhile, they also failed to take photos of the front desk and its LOGO, and the office is not a shared office.

Through the lobby, the inspectors could not observe the company's internal office environment. Overall, due to the lack of a complete nameplate and the inability to enter the office, it was impossible to confirm whether the company truly exists at the above address.

Therefore, after the inspection, it was confirmed that broker BondFord Commercial does not exist at the above address.

Conclusion

The survey team went to the UAE as planned to visit the forex broker BondFord Commercial. 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 choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and are not the basis for final selection.