Purpose

The UAE forex market is an emerging forex market that has developed in recent years. With its superior geographical location, open financial policies, and advanced financial infrastructure, it has attracted the attention of numerous international financial institutions and investors. To help investors or practitioners gain a more comprehensive understanding of forex dealers in the region, the field inspection team traveled to the UAE for an on-site visit.

Process

This time, the inspection team went to the UAE as planned to visit forex broker Forexiw, according to public information its office address is 1652, Tamani Arts Office, Business Bay, Dubai, UAE.

A professional and experienced on-site verification team, with a sense of mission to strictly screen for investors, followed a meticulous plan to travel to the UAE. They conducted an on-site inspection of the broker Forexiw, which claims to be located at 1652, Tamani Arts Office, Business Bay, Dubai, UAE.

The verification personnel smoothly arrived at the corresponding building, which is located in the core area of downtown Dubai, with a strong commercial atmosphere and bustling streets, making it an important business district in Dubai. However, no company signage or related information for Forexiw was found outside the building.

The verification personnel entered the building lobby, stated their purpose to the security guard, and after a brief conversation, obtained permission to enter the building. However, inside the building, no company nameplate for Forexiw was found, nor was the company's logo seen.

Due to the inability to determine the specific floor and location, the verification personnel could not reach the target floor. Naturally, they could not confirm whether the company's office area had clear signage or security measures, let alone enter the interior. At the same time, they were unable to take photos of the front desk and its logo; the office is not a shared office.

Because they could not enter the company, they were unable to observe the internal environment, decoration style, employee activities, etc. Overall, the corresponding company was not found, which is inconsistent with the broker's claims.

Therefore, after on-site verification, it is confirmed that broker Forexiw does not exist at the above address.

Conclusion

The field inspection team went to the United Arab Emirates as planned to conduct an on-site visit to the forex broker Forexiw. At its publicly displayed business address, the team could not 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 a choice after comprehensive consideration.

Disclaimer

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