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 improvement of its financial markets, foreign exchange trading has become increasingly important in the country's financial sector. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the team conducted on-site visits in Egypt.

Process

This month, the team is scheduled to visit a forex broker in Egypt for an on-site inspectionBELTONE FINANCIAL. Public records indicate its office address is Galleria 40 Mall - North Tower, 3rd Floor, El Sheikh Zayed 6th October, Giza, Egypt.

A professional and experienced team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Egypt to conduct an on-site verification of the trader BELTONE FINANCIAL who claimed to be located at Galleria 40 Mall - North Tower, 3rd Floor, El Sheikh Zayed 6th October, Giza, Egypt.

Upon arrival at the location, the team discovered that there was no so-called North Tower, only the East and West Towers were found. The layout of the surrounding commercial buildings in the area differed significantly from the expected situation. While there was a general commercial atmosphere, no obvious signs related to the traders were identified.

The team entered the building lobby and, after stating their purpose to the security personnel, obtained permission to enter. However, inside the building, they found no signage for the trader in question, nor any related logos.

Since the North Tower could not be located, it was impossible to reach the target floor to confirm the exact location, let alone enter the company's premises. Additionally, the reception area and its logo were not photographed, indicating that this office is not a shared workspace.

Through the public areas of the building, as it was impossible to enter the company's premises. Overall, the actual situation severely contradicts the positioning claimed by the dealer.

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

Conclusion

The team visited the foreign exchange brokerBELTONE FINANCIAL 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.