Purpose

The UAE foreign exchange market is a newly emerging foreign exchange market developed in recent years. With its advantageous geographical location, open financial policies, and favorable business environment, it has attracted the attention of many 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 a field investigation.

Process

This time, the field inspection team went to the UAE to visit the foreign exchange broker Yorker Capital Markets as planned, and according to public information, its office address is Office No 202, 2nd Floor, Al Moosa Tower - 2, Sheikh Zayed Road, Dubai.

The professional and experienced site inspection team, with a sense of mission to strictly vet for investors, went to the United Arab Emirates according to careful planning to conduct an on-site inspection of the broker Yorker Capital Markets claiming to be located at Office No 202, 2nd Floor, Al Moosa Tower - 2, Sheikh Zayed Road, Dubai.

The inspectors successfully arrived at the building across the street. Located in downtown Dubai, the building is a luxurious office tower. The surrounding business atmosphere is strong, the streets are busy, and the environment is clean. The inspectors photographed the building directory, but there was no information about Yorker Capital Markets on it.

The inspectors entered the lobby of the building and explained their purpose to the security guard. The guard told them that they could not go upstairs without an appointment, and the inspectors were not allowed entry.

As they were unable to reach the target floor, the inspectors could not confirm whether Yorker Capital Markets's office area had clear signage or security measures. They also could not enter the company's interior, so naturally they were unable to photograph the front desk and the front desk logo. The office is not a shared office.

From the lobby, the inspection team could not observe the company's internal environment, nor could they determine whether the overall situation matched its claimed positioning.

Therefore, after the site inspection, it was confirmed that the broker Yorker Capital Markets does not exist at the above address.

Conclusion

The inspection team went to the UAE as planned to conduct an on-site visit to the forex broker Yorker Capital Markets. At its publicly displayed business address, the broker's company name and other information were not visible, indicating that the broker does not have a real business premises. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

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