Purpose

The UAE forex market is a regional core forex trading market that has gradually developed over the past two decades. Relying on the financial free port policies of cities such as Dubai, it has gathered a large number of forex trading-related institutions from around the world, occupying an important position in the cross-border financial transaction links of the Middle East. To help investors or practitioners more comprehensively understand forex dealers in the region, the field inspection team traveled to the UAE for an on-site visit.

Process

In this issue, the on-site inspection team went to the United Arab Emirates as planned to conduct an on-site visit to the forex broker GoldFxBank. According to public information, its office address is Jumeirah Business Center 1, Cluster G Road - Cluster G.

A professional and experienced on-site inspection team, with a sense of mission to strictly safeguard investors, went to the UAE according to a thorough plan. Based on the above information, they conducted an on-site visit to broker GoldFxBank.

During this visit, it was found that the public address information provided by the broker was incomplete, with no clear identifying name of the corresponding building, making it completely impossible to locate the company's specific location. Throughout the process, the exact area corresponding to the address could not be confirmed, and no target building fully matching the address description could be found.

Throughout the entire visit, no corresponding verifiable target building or office area was found; there were also no relevant commercial building signs in the surrounding area matching the address description. Throughout the process, no company signage or related information associated with GoldFxBank was found, and there was no corresponding park or street environment matching the description.

Throughout the process, it was impossible to access the lobby entrance of the target building, there was no opportunity to state the purpose of the visit to security or staff, and there was no subsequent registration or communication process. It was completely impossible to obtain permission to enter the relevant building.

Because it was fundamentally impossible to locate the exact target floor and corresponding location, no office area belonging to GoldFxBank was found throughout the process, there were no obvious signs or security measures, and there was absolutely no possibility of entering the interior. This visit did not involve any shared office situation, and throughout the process, no front desk or front desk LOGO could be photographed.

Throughout the process, it was impossible to approach any office space suspected to belong to the broker, and there was no way to observe the company's internal environment through the glass door or front desk area, making it completely impossible to verify whether its claimed office location was true.

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

Conclusion

The field inspection personnel went to the United Arab Emirates as planned to conduct an on-site visit to forex broker GoldFxBank. At the publicly displayed business address, they were unable to see information such as the broker's company name, indicating that the broker does not have a real business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be taken as the basis for a final decision.