Purpose

The UAE forex market is an emerging regional forex trading market that has gradually developed over the past three decades. Leveraging Dubai's geographical advantage as a financial hub in the Middle East, it has gathered a large number of forex brokers from around the world and serves cross-border trading needs across the entire Gulf region. To help investors gain a more comprehensive understanding of the actual operating conditions of forex brokers in the region, the field investigation team went to the UAE for an on-site visit.

Process

In this issue, the on-site inspection team went to the United Arab Emirates as planned to conduct an on-site visit to the forex broker BNP GLOBAL. According to public information, its office address is 1802, Arenco Tower, Media City.

A professional and experienced on-site inspection team, with a sense of mission to strictly safeguard investors, went to the UAE according to a meticulous plan. They conducted an on-site verification of the broker BNP GLOBAL, which claims to be located at 1802, Arenco Tower, Media City.

Successfully arrived at the Arenco Tower building. This location is in Dubai's core business district, right next to a metro station, with very convenient surrounding transportation. It is a super-luxury office building, with a grand and orderly overall appearance, and a very strong surrounding commercial atmosphere. Outside the building, no company signage or related information related to BNP GLOBAL was found.

The on-site inspectors entered the building lobby and stated their purpose to the security guard. After a simple information registration, they obtained permission to enter the lobby.

Checked the complete building directory. The directory did not show the company's information, nor did it indicate the specific floor corresponding to BNP GLOBAL; it was impossible to go to the corresponding floor, nor to confirm the company's specific location. In the area corresponding to this address, there were no signs related to BNP GLOBAL's office area. No relevant security measures were found throughout the process, there was no shared office situation, and it was completely impossible to photograph the front desk or the front desk's LOGO.

Because there was no guide information for the corresponding floor, it was impossible to go to the target floor, nor to approach the corresponding office area, completely unable to see the company's internal environment, and unable to confirm whether it matched its claimed business positioning.

Therefore, after the on-site inspection, it is confirmed that the broker BNP GLOBAL does not exist at the above publicly stated address.

Conclusion

Field verification personnel went to the UAE as planned to conduct an on-site visit to forex broker BNP GLOBAL. At the publicly disclosed business address, they 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 their choice after comprehensive consideration.

Disclaimer

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