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 numerous international financial institutions and investors. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team visited the UAE for field research.

Process

This time, the survey team went to the UAE to visit the forex broker AAG Markets as planned. According to public information, its office address is Level 20, Office 2001, Al Saqr Business Tower, Sheikh Zayed Rd, DIFC, Dubai, United Arab Emirates.

A professional and experienced site visit team, with a mission to strictly vet for investors, traveled to the United Arab Emirates according to a well-planned schedule. They conducted an on-site inspection of the broker AAG Markets, which claimed to be located at Level 20, Office 2001, Al Saqr Business Tower, Sheikh Zayed Rd, DIFC, Dubai, United Arab Emirates.

The site visit team arrived at Al Saqr Business Tower, located in downtown Dubai, a super-luxury office building. The surrounding area is bustling with a strong commercial atmosphere. However, no company logo or related information of AAG Markets was found outside the building.

The site visit team entered the lobby of the building and stated their purpose to the security guard. After communication, they obtained permission to enter the lobby. Upon entering the lobby, they found a directory board listing all company information, but no information related to AAG Markets was found on the board.

Due to strict building security, the site visit team was unable to obtain permission to go upstairs, could not reach the target floor 20 to confirm the specific location of AAG Markets, and could not enter the company's premises. Additionally, they could not take photos of the front desk or its logo. This office is not a shared office.

From the lobby area, the site visit team could not observe the internal environment of the company, and overall could not determine whether it matches its claimed positioning.

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

Conclusion

The field investigators went to the UAE as planned to conduct an on-site visit to forex broker AAG Markets. At its publicly displayed business address, they could not see the company name or other information of the broker, indicating that the broker does not have a real business location. Investors should consider all factors before making a choice.

Disclaimer

The above content and opinions are for reference only and do not serve as the basis for final decisions.