Purpose

The UAE forex market is a regional core forex market that has developed rapidly over the past two decades. Leveraging Dubai's locational advantage as a Middle Eastern financial hub, it has gathered a large number of forex brokers from around the world, covering cross-border trading business across the entire Middle East and North Africa region. To help investors gain a more comprehensive understanding of the actual office conditions of forex brokers in the region, we traveled to Dubai, UAE, for an on-site visit.

Process

For this issue's on-site inspection, we traveled to the UAE as planned to conduct a field visit to forex broker GOLD STANDARD. According to public information, its office address is Office 33A, Gold Tower Jumeirah Lakes Towers PO Box 57967 Dubai, UAE.

Following a meticulous plan, professional and experienced on-site inspectors, with a sense of mission to strictly safeguard investors, went to Dubai, UAE. They conducted on-site verification of the broker GOLD STANDARD, which claims to be located at Office 33A, Gold Tower Jumeirah Lakes Towers PO Box 57967 Dubai, UAE.

The on-site inspectors successfully arrived at the target building, Gold Tower. This location is in Dubai's core commercial area and is a local ultra-luxury office building, with a very strong surrounding commercial atmosphere. Outside the building, no company signage or information related to GOLD STANDARD was found. During this on-site inspection, a complete panorama of the building was photographed, and all image records of the building's exterior were retained.

The on-site inspectors entered the first-floor lobby of the building and stated their purpose to the security guards and staff. After a brief communication and registration, they successfully obtained permission to enter the lobby. Security throughout the office building is extremely strict. There was no complete floor company directory on the first floor, and no relevant signage information corresponding to GOLD STANDARD could be found at all. The company's LOGO did not appear inside or outside the building.

Because the appointment process had not been completed in advance, the on-site inspectors could not go upstairs to the target 33rd floor, nor could they confirm the specific location corresponding to the address, and naturally had no way to enter the company's premises. No reception desk or reception desk LOGO was photographed throughout the process, and the premises did not fall under the category of shared offices.

Due to strict security regulations, the on-site inspectors could not enter the office area inside the building. They had no opportunity at all to observe GOLD STANDARD's internal environment, decoration style, or employee activities, nor could they verify whether its claimed office location was true.

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

Conclusion

On-site inspectors went to the United Arab Emirates as planned to conduct an on-site visit to the forex broker GOLD STANDARD. At the publicly displayed business address, they were unable to 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 opinions are for reference only and should not be used as the basis for final selection.