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 infrastructure, 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 forex dealers in the region, the survey team went to the UAE for on-site visits.

Process

This time, the on-site survey team went to the UAE as planned to visit forex broker Qfx. According to public information, its office address is 2501, 25th Floor Regal plaza bay, 2501, Dubai.

A professional and experienced on-site inspection team, with a sense of mission to strictly check for investors, traveled to the UAE according to a meticulous plan.

The on-site inspectors went to the target area based on the address information, attempting to conduct an on-site verification of the broker Qfx claimed to be located at 2501, 25th Floor Regal plaza bay, 2501, Dubai.

However, after arriving at the area according to Google Maps, the on-site inspectors did not find the corresponding building, nor did they find any trace of the company Qfx. They conducted a careful search and inquiries in the surrounding area, but obtained no valid information about the company. They neither found company signage or related information on the outside of the building, nor could they enter the so-called target building.

Since the corresponding building could not be found at all, there was no subsequent process of entering the first floor or lobby of the building to explain the purpose to the security or staff, register, or communicate, let alone reaching the target floor to inspect the company's office area.

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

Conclusion

The on-site inspection personnel went to the UAE as planned to visit the forex broker Qfx in person. 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 location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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