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 developed economic system, it has attracted the attention of many international financial institutions and investors. In order to help investors or practitioners gain a more comprehensive understanding of the forex dealers in the region, the on-site inspection team went to the UAE for a field visit.

Process

The on-site investigation team this time plans to visit the forex broker Horizon FX in the UAE as scheduled. According to public information, its office address is 1506, Al Saeed Tower 1, Sheikh Zayed Road, Near World Trade Center Metro Station, Dubai - UAE.

A professional and experienced site visit team, with a sense of mission to strictly check for investors, went to the UAE according to a well-planned itinerary. Based on the above information, they conducted an on-site visit to the broker Horizon FX.

The site visit personnel went to the target area based on the address information. Initially, they did not find a building with the corresponding name, but later arrived at the building shown on Google Maps. This building is located in a luxurious commercial area in downtown Dubai, with a strong business atmosphere, and it is a decent office building.

The site visit personnel smoothly entered the first floor of the building and found a complete company directory, but there was no information about Horizon FX on it. After explaining their purpose to the security guard, they obtained permission to enter.

However, the corresponding floor was not found in the building, so they could not reach the target floor to confirm the specific location, and thus could not see whether the office area of Horizon FX had obvious signage or security measures. Since there was no corresponding floor, the site visit personnel could not enter the interior, nor could they take photos of the front desk or its logo. This office is not a shared office. Through the common areas of the building, it was impossible to observe the company's internal environment and other conditions.

Therefore, after the site visit, it was confirmed that the broker Horizon FX does not exist at the above address.

Conclusion

The on-site inspection team traveled to the UAE as planned to conduct a field visit to the forex broker Horizon FX. At its publicly displayed business address, the team could not see the broker's company name or other information, indicating that the broker does not have a real business location. Investors are advised to make a decision after comprehensive consideration.

Disclaimer

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