Purpose

The Egyptian foreign exchange market is an emerging forex market that has developed in recent years. With the continuous growth of Egypt's economy and the gradual opening of its financial markets, foreign exchange trading has been playing an increasingly important role in the country's economic activities. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team was dispatched to Egypt for an in-person visit.

Process

The on-site inspection team visited the forex broker Maxxi Markets in Egypt as planned. According to public information, its office address is Trivium Square Administration Building Office C330 North 90th Street New 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 broker Maxxi Markets claimed to be located at Trivium Square Administration Building Office C330 North 90th Street New Cairo – Egypt.

Upon arriving at the destination, I compared it with Google Maps and confirmed that the address was indeed here. However, what appeared before me was an abandoned office building that seemed to have been deserted for a long time. The surrounding environment was dilapidated, with no commercial atmosphere whatsoever. No company signage or relevant information was found on the exterior of the building.

Attempted to enter the building lobby, but due to the building being in a state of abandonment, it was impossible to access the company lobby. No company directory was seen inside the building either.

Since access to the building is not possible, it is impossible to reach specific floors or confirm exact locations, thereby preventing entry into the company premises. Naturally, this also means that photos of the reception area and its logo cannot be taken, and this office space is not a shared workspace. Without access to the company, there is no way to gain insight into the internal office environment.

Therefore, after on-site verification, it is confirmed that the broker Maxxi Markets does not exist at the above address.

Conclusion

The inspection team visited the foreign exchange broker Maxxi Markets 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 location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be considered as the final basis for decision-making.