Purpose

The UAE foreign exchange market is an emerging foreign exchange market that has developed in recent years. Leveraging its advantageous geographical location, open financial policies, and sound business environment, it has attracted the attention of many international financial institutions and investors. To help investors or practitioners gain a more comprehensive understanding of foreign exchange dealers in the region, the field inspection team traveled to the UAE for on-site visits.

Process

In this issue, the on-site inspection team went to the UAE as planned to conduct an on-site visit to the forex broker Core Financial Markets Ltd. According to public information, its office address is Office No 1707, Opal Tower, Business Bay, Dubai, UAE.

A professional and experienced site visit team, driven by a sense of mission to safeguard investors, and following a meticulous plan, traveled to the UAE. They conducted an on-site verification of the broker Core Financial Markets Ltd, which claims to be located at Office No 1707, Opal Tower, Business Bay, Dubai, UAE.

The site visit personnel successfully arrived at Opal Tower, which is located in a luxury area in downtown Dubai and is a luxury office building, with a bustling surrounding environment and a strong commercial atmosphere.

No company signage or related information for Core Financial Markets Ltd was found outside the building.

The site visit personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained entry permission. However, on the building directory, the corresponding Office 1707 was shown as another company, and no information related to Core Financial Markets Ltd was found.

Due to strict security, the site visit personnel could not reach the target 17th floor to confirm the specific location, nor could they enter the company's interior. Naturally, they could not photograph the reception desk or the reception desk's LOGO. This office is not a shared office.

Through the lobby, the site visit personnel could not observe the company's internal environment, and the overall situation does not match its claimed positioning.

Therefore, after the site visit, it was confirmed that the broker Core Financial Markets Ltd does not exist at the above address.

Conclusion

The on-site inspection team went to the UAE as planned to conduct an on-site visit to forex broker Core Financial Markets Ltd. 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 the final choice.