Purpose

The UAE forex market is a core regional forex trading market that has gradually developed over the past two decades. Leveraging Dubai's locational advantage as a Middle Eastern financial hub, it has gathered a large number of licensed and quasi-licensed forex dealers serving the Gulf region and North African markets, with a relatively relaxed regulatory environment and extremely high market activity. In order to help investors or practitioners gain a more comprehensive understanding of the actual operating conditions of forex dealers in the region, the field inspection team traveled to the UAE for an on-site visit.

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 dob SECURITIES. According to publicly available information, its office address is 403, Green Tower Building Riggat Albuttain Deira, Dubai United Arab Emirates.

A professional and experienced on-site inspection team, with a sense of mission to strictly safeguard investors, according to a well-planned itinerary, traveled to the United Arab Emirates. They conducted an on-site verification of the broker dob SECURITIES claiming to be located at 403, Green Tower Building Riggat Albuttain Deira, Dubai United Arab Emirates.

The relevant personnel successfully arrived at Green Tower Building, which is located in the city center of the old town of Dubai. It is a local luxury office building, with complete surrounding commercial facilities, dense business traffic, and a very strong commercial atmosphere.

Outside the building, no company signs or related information with the words dob SECURITIES were found.

The relevant personnel entered the lobby on the first floor of the building and stated their purpose to the security guard or staff. After registration and communication, they successfully obtained permission to enter.

Proceeding to the Room 403 indicated by the address information, after arriving at the corresponding floor, the on-site inspectors found that the office area in this region did not show any obvious signs of dob SECURITIES, nor did it have corresponding security measures. Since the front desk staff was not present, it was impossible to further confirm whether the space belonged to the target broker. Throughout the process, it was impossible to photograph a front desk with the words dob SECURITIES or the front desk LOGO. This office area is not a shared office either.

Through the front desk area, the on-site inspectors observed that the signs inside the office space belonged to another financial company. The overall environment completely did not match the office address information claimed by the target broker.

Therefore, after the on-site inspection, it is confirmed that the broker dob SECURITIES does not exist at the publicly marked address mentioned above.

Conclusion

As planned, field inspectors went to the United Arab Emirates to conduct an on-site visit of forex broker dob SECURITIES, but at its publicly displayed business address 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 final basis for selection.