Purpose

The UAE foreign exchange market is an emerging forex market developed in recent years. With its advantageous geographical location, open financial policies, and rapidly developing economy, it has gradually become an important forex trading center in the Middle East. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the survey team conducted an on-site visit to the UAE.

Process

The survey team traveled to the UAE as planned to conduct an on-site visit to forex broker AssetManagement, and according to public information, its office address is The Metropolis Tower, Business Bay, Dubai, United Arab Emirates.

A professional and experienced on-site inspection team, with a sense of mission to strictly vet for investors, traveled to the United Arab Emirates according to a careful plan. They conducted an on-site verification of the broker AssetManagement, which claims to be located at The Metropolis Tower, Business Bay, Dubai, United Arab Emirates.

The inspectors arrived at The Metropolis Tower, a super-luxury office building in the center of Dubai, located in the commercial area of Dubai with a strong business atmosphere. However, no company signage or related information was found outside the building, nor was a complete directory board photographed, and the address was not fully written. This made it impossible to confirm whether the company actually exists from the start.

The inspectors entered the building lobby and, after explaining their purpose to the staff, obtained permission to enter. However, no directory board for the company was found inside the building, nor was the company logo seen either inside or outside the building.

Due to the lack of clear guidance, the inspectors were unable to reach a specific floor or confirm a specific location, and thus could not enter the company's premises. At the same time, they were unable to photograph the front desk or the front desk logo. The office is not a shared office. Through the lobby and other areas, because they could not enter the company, they could not observe the internal office environment, making it difficult to determine whether the overall situation matches its claimed positioning.

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

Conclusion

The surveyors went to the UAE as planned to visit the forex broker AssetManagement in person. 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 premises. Investors are advised to make a decision after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and do not constitute a basis for making a final decision.