Purpose

The Egyptian foreign exchange market is an emerging market that has developed in modern times. With the continuous development of Egypt's economy and the increasing level of openness, foreign exchange trading plays a significant role in the country's financial sector. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Egypt.

Process

The on-site inspection team visited the foreign exchange broker TFS SOLUTION in Egypt as planned. According to public information, its office address is 28, El-Arbaeen St., Manshiet El-Sad, El-Aly, El-Salam Cairo, Egypt.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Egypt to conduct an on-site verification of the trader TFS SOLUTION claiming to be located at 28, El-Arbaeen St., Manshiet El-Sad, El-Aly, El-Salam Cairo, Egypt.

The on-site inspector successfully arrived at the target building, which is located in a specific area of Cairo, Egypt. Due to the absence of the trader, it is difficult to accurately describe the surrounding environment. No company logos or relevant information were found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter.

However, no signage of the company was found inside the building, nor was the company's logo visible. Since the specific floor and location could not be determined, the inspection personnel were unable to reach the exact floor and confirm the precise location. Naturally, they could not enter the company's premises, nor could they photograph the reception area and its logo. This office is not a shared workspace.

Through the lobby of the building, there were no obvious signs pointing to the company, making it impossible to observe the internal environment or other conditions of the company. Upon arrival, no information about any traders was visible, leading to the conclusion that it was a fraudulent setup.

Therefore, after on-site verification, it was confirmed that the broker TFS SOLUTION does not exist at the above address.

Conclusion

The on-site investigator visited the foreign exchange broker TFS SOLUTION in Egypt as planned. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the sole basis for final decision-making.