Purpose

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

Process

This time, the team went to the UAE as planned to visit the forex broker Advanta Markets in person. According to public information, its office address is The Citadel Tower, 40th Floor, Al Aamal Street, Business Bay, Dubai, UAE.

A professional and experienced team, with a sense of mission to strictly safeguard investors, according to careful planning, went to the UAE. Conducted an on-site verification of the broker Advanta Markets claiming to be located at The Citadel Tower, 40th Floor, Al Aamal Street, Business Bay, Dubai, UAE.

The team arrived smoothly at The Citadel Tower, which is located in the city center of Dubai, and is a super-luxury office building with a prosperous surrounding environment and a strong commercial atmosphere. However, no company sign or related information of Advanta Markets was found outside the building.

The team entered the building lobby and explained their purpose to the security guard. After communication, they obtained permission to enter.

After arriving at the target floor, the 40th floor, the team found no obvious sign of Advanta Markets's office area. Since they could not find the corresponding office, the team was unable to enter the interior, nor were they able to photograph the reception desk and its LOGO, and the floor is not a shared office.

Through the public area of the floor, the team could not observe the company's internal environment. The overall situation does not match its claimed positioning.

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

Conclusion

The team went to the UAE as planned to conduct an on-site visit to the forex broker Advanta Markets. At its publicly displayed business address, no information such as the company name of the broker could be seen, 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 views are for reference only and do not constitute the basis for final decisions.