Purpose

The UAE foreign exchange market is a regional core forex trading market that has developed rapidly over the past two decades. Relying on Dubai's geographical advantage as a financial hub in the Middle East, it has attracted a large number of global and local forex brokers, serving cross-border trading demand across the Middle East and North Africa. Its market regulatory system has been gradually improved, and trading activity has consistently ranked among the top in the Middle East region. To help investors or practitioners gain a more comprehensive understanding of the actual operating conditions of forex brokers in the region, the on-site inspection team traveled to the UAE for field visits.

Process

This time, the on-site inspection team traveled to the UAE as planned to visit forex broker BOLLINGER. According to public information, its office address is 1201 First Business Tower, Bur Dubai, Dubai, United Arab Emirates.

A professional and experienced on-site inspection team, with a sense of mission to strictly vet on behalf of investors, went to the Dubai area in the UAE according to a meticulous plan. Based on the above information, they conducted an on-site visit to broker BOLLINGER.

The core objective of this trip was to locate the marked First Business Tower in the Bur Dubai district and verify the actual office location of broker BOLLINGER. Following the directions of the public address, the team repeatedly walked through and checked the corresponding area, surveying the registration information of similar commercial buildings in the surrounding area, but was never able to find the corresponding building in the corresponding area, nor confirm the company's specific location.

There is no building with an exact name match, First Business Tower, in the target area, nor are there any road signs, property directional information, or property management indicators pointing to the building. There is no publicity or site traces related to the broker on the surrounding streets.

Since the target building marked by the public address could never be located, the team was unable to enter the lobby of the building at any time, and naturally had no opportunity to access the floor directory or company nameplate information inside the building. No LOGO of BOLLINGER was found inside or outside the building.

The team was completely unable to reach the target floor, let alone enter the so-called company interior. There was also no condition to verify whether it was a shared office, photograph the reception desk and the reception LOGO. The so-called internal office environment of the company was also completely inaccessible for confirmation.

Therefore, after the on-site inspection, it was confirmed that broker BOLLINGER does not exist at the publicly marked address above.

Conclusion

The on-site surveyors went to the UAE as planned to visit forex broker BOLLINGER. At its publicly displayed business address, they were completely unable to locate the corresponding building, nor did they see any information such as the broker's company name, indicating that the broker does not have a real business presence. Investors should make their decision after comprehensive consideration.

Disclaimer

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