Purpose

The UAE forex market is a regional core forex trading market that has gradually developed over the past two decades. Leveraging Dubai's geographical advantage as an international financial hub, it has gathered a large number of forex brokers from around the world. The market combines openness with regulatory compliance, and is the core hub for forex trading in the Middle East. To help investors gain a more comprehensive understanding of the actual operating conditions of forex brokers in the region, the on-site inspection team went to Dubai, UAE to carry out on-site verification work.

Process

In this issue, the field inspection team traveled to the United Arab Emirates as planned to conduct an on-site visit to forex broker ORSFX. According to publicly available information, its office address is 106-26, garhoud building, al - garhoud, plot 95-0, dubai.

A professional and experienced visiting team, with a sense of mission to strictly safeguard investors' interests, followed a meticulous plan and traveled to Dubai, United Arab Emirates. They conducted an on-site verification of broker ORSFX, which claims to be located at 106-26, garhoud building, al - garhoud, plot 95-0, dubai.

The inspection personnel successfully arrived at garhoud building. The location is in a relatively remote area of Dubai. It is a somewhat old office building, and there is no relevant business park signage for the broker in the surrounding area; the overall commercial atmosphere is average. Outside the building, no company signage or related information associated with ORSFX was found; only a complete panoramic view of the building was photographed.

The inspection personnel entered the building lobby and stated their purpose to the security guard. After a brief communication and registration, they successfully obtained permission to enter.

The inspection personnel attempted to go to the target floor, but were unable to reach the specific floor and confirm the marked office location, nor did they find the office area of ORSFX. Throughout the process, no obvious signage or related information of the company was found. Because the front desk staff on the floor clearly stated that the company was not at the location corresponding to the address, the inspection personnel could not enter the corresponding area, and did not photograph the reception desk or its LOGO throughout the process. The premises were also not a shared office.

The inspection personnel confirmed with the floor reception that the location marked by the address is accurate, but the front desk staff said they had no knowledge at all of the existence of the company ORSFX. The actual operating entity at the location is not the broker subject to this verification. It was impossible to observe the internal environment of ORSFX, nor to confirm its internal decoration style and employee activity. The overall situation is completely inconsistent with the broker's claimed positioning of conducting business at this address.

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

Conclusion

Field inspection personnel went to the United Arab Emirates as planned to conduct an on-site visit of forex broker ORSFX. At the business address it publicly displays, they were unable to see the broker's company name or other information, 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 opinions are for reference only and should not be used as the basis for final selection.