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 advanced financial infrastructure, 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 the region, the due diligence team conducted an on-site visit to the UAE.

Process

The survey team planned to visit the forex broker RABAB MARKETS on-site in the UAE. According to public information, its office address is F 5701, AA Tower, Sheakh Zayaed Road, Dubai, UAE.

The professional and experienced on-site inspection team, driven by the mission to strictly safeguard investors, traveled to the United Arab Emirates following a meticulous plan. They conducted an on-site verification of the broker RABAB MARKETS, which claims to be located at F 5701, AA Tower, Sheakh Zayaed Road, Dubai, UAE.

The on-site inspection personnel arrived smoothly at AA Tower. The location is in a luxurious area in the center of Dubai, with a bustling surrounding environment and a strong commercial atmosphere. The building is very well decorated, but no company signage or related information for RABAB MARKETS was found on the exterior of the building.

The inspection personnel entered the building's lobby and stated their purpose to the security guards or staff. After communication, they obtained permission to enter. However, no company nameplate for RABAB MARKETS was found inside the building.

Since it was impossible to confirm the company's specific location in the building, the inspection personnel were unable to reach the target floor. After arriving at the lobby, the staff informed them that most of the building consists of apartments. As for the corresponding company at 5701, the staff stated that they had never heard of RABAB MARKETS. Therefore, the inspection personnel could not enter the company's interior, nor could they photograph the front desk or its logo. This office is not a shared office.

Through the lobby area, the inspection personnel could not observe the company's internal environment, making it impossible to determine whether the overall situation matches its claimed positioning.

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

Conclusion

The survey personnel went to the UAE as planned to conduct an on-site visit to the forex broker RABAB MARKETS. At the 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 premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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