Purpose

The UAE foreign exchange market is an important forex market that has developed in recent years. With its superior geographical location, open financial policies, and developed economic environment, it has attracted many international financial institutions and investors. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the on-site inspection team went to the UAE for a field visit.

Process

In this issue, the site inspection team traveled to the UAE as planned to visit forex broker PEMAXX GLOBAL on site. According to public information, its office address is OFFICE-2008, Dubai Business Bay, 33, Marasi Drive Road, CloverBay Tower 345-BURJ KHALIFA.

A professional and experienced on-site inspection team, driven by the mission to strictly safeguard investors, followed a well-organized plan and traveled to the United Arab Emirates to conduct an on-site verification of the broker PEMAXX GLOBAL claimed to be located at OFFICE-2008, Dubai Business Bay, 33, Marasi Drive Road, CloverBay Tower 345-BURJ KHALIFA.

The on-site inspectors arrived at CloverBay Tower without difficulty. The location is in the most central area of Dubai, with a bustling surrounding environment and a strong commercial atmosphere.

No company signage or related information for PEMAXX GLOBAL was found on the exterior of the building.

The on-site inspectors entered the building lobby and stated their purpose to the security guard or staff. After registering, they obtained permission to enter.

After reaching the target floor, the 20th floor, the inspectors found clear signage in PEMAXX GLOBAL's office area. However, due to the door being tightly closed and other reasons, they were unable to enter the interior.

It was not possible to take photos of the front desk or its logo, and the office is not a shared office.

Through the glass door, the inspectors could not observe the company's internal environment because they were not allowed in. Therefore, it was also impossible to confirm whether the overall environment matched its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that the broker PEMAXX GLOBAL exists at the above address.

Conclusion

The surveyors went to the UAE as planned to conduct an on-site visit to the forex broker PEMAXX GLOBAL. At its publicly displayed business address, the company name and other information of the broker can be seen, indicating that the broker has a genuine business premises. Investors are advised to make their choices after careful consideration.

Disclaimer

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