Purpose

The UAE foreign exchange market is an emerging forex market that has developed rapidly in recent years. With its advantageous geographical location, open financial policies, and advanced financial infrastructure, it has gradually become an important forex trading center in the Middle East. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the inspection team went to the UAE for an on-site visit.

Process

This time, the survey team went to the UAE as planned to conduct an on-site visit to forex broker Tera Financial. According to public information, its office address is Unit GA-00-SZ-L1-RT-201, Level 1, Gate Avenue - South Zone, DIFC, Dubai, UAE.

With the mission of strictly vetting on behalf of investors, the professional and experienced on-site inspection team traveled to the UAE according to meticulous planning. Based on the above information, they conducted an on-site visit to broker Tera Financial.

Surveyors went to the Dubai International Financial Centre (DIFC) based on the address information, to the claimed location at Unit GA-00-SZ-L1-RT-201, Level 1, Gate Avenue - South Zone, DIFC, Dubai, UAE conduct on-site verification of the dealer Tera Financial.

The survey team arrived smoothly at the super-large shopping mall and complex in downtown Dubai, which is the core area of local commercial activities, with a bustling surrounding environment and a strong business atmosphere. However, no company logo or related information of Tera Financial was found outside the building.

The survey team entered the lobby of the building. Since the specific location of the company could not be determined, after stating their purpose to the security or staff, they were unable to obtain permission to enter.

Since the specific floor could not be determined, it was impossible to reach the target floor to confirm the office area of Tera Financial. Naturally, there were no obvious signs or security measures, nor could they enter the interior, let alone take photos of the front desk and its logo, and the office location was not a shared office.

Because they could not enter the company's interior, they were unable to observe the internal environment, decoration style, and employee activities.

Therefore, after the survey, it was confirmed that the broker Tera Financial does not exist at the above address.

Conclusion

The surveyor went to the UAE as planned to visit the forex broker Tera Financial in person. At its publicly displayed business address, the company name or other information of the broker was not visible, indicating that the broker does not have a real business location. Investors should make their decisions after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the basis for final decisions.