Purpose

The Egyptian foreign exchange market is an emerging market that has developed in recent years. With the gradual opening of Egypt's economy and the continuous development of its financial markets, the importance of foreign exchange trading in the region has become increasingly prominent. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this area, an on-site inspection team visited Egypt for field research.

Process

The on-site inspection team visited the forex broker Souqeldahb in Egypt as planned. According to public information, its office address is "70 Al-Muizz Street, Goldsmiths, Cairo 56 Talaat Harb Street - Extension of East Bar, Shebin El-Kom, Menoufia".

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 Souqeldahb claimed to be located at the specified address.

The field investigator successfully arrived at the target location, but no information related to the broker Souqeldahb was found in the surrounding area. Regarding the surrounding environment, since the broker's office does not exist, it is difficult to accurately describe the company's campus or street environment.

The field investigator attempted to enter the potentially relevant building but found no signage or any related information about the company on the exterior. The investigator explained their purpose to the security personnel, but due to the absence of any information about the company within the building, permission to enter was not granted.

Since access to the building is impossible, reaching the target floor to confirm the specific location is also unfeasible. Naturally, there are no visible signs or security measures indicating the company's office area, let alone gaining entry inside. Additionally, it's not possible to photograph the reception desk or its logo, nor is it a shared office space.

Overall, no information about the trader was found upon arrival, leading to the conclusion that the trader's address is fake.

Therefore, after on-site verification, it is confirmed that the dealer Souqeldahb does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Souqeldahb in Egypt as planned, but found no information such as the company name at the publicly displayed business address, indicating that the broker does not have a genuine operational location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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