Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. Leveraging its advantageous geographical location, open financial policies, and developed economic system, it has attracted the attention of numerous international financial institutions and investors. To help investors and practitioners gain a more comprehensive understanding of forex dealers in the region, the field verification team conducted an on-site visit to the UAE.

Process

The on-site inspection team traveled to the UAE as planned to visit forex broker Brainstorm Market. According to public information, its office address is Office No. G06 4th Floor Al Moosa Tower 2 Sheikh Zayed Road, Dubai, United Arab Emirates.

The professional and experienced on-site inspection team, with the mission to strictly safeguard investors, traveled to the United Arab Emirates following a meticulous plan. They conducted an on-site verification of the broker Brainstorm Market, which claims to be located at Office No. G06 4th Floor Al Moosa Tower 2 Sheikh Zayed Road, Dubai, United Arab Emirates.

The inspection personnel successfully arrived at the building across the road. This building is located in downtown Dubai and is a luxurious office building. The surrounding environment is bustling with a strong commercial atmosphere. No signage or relevant information about the company was found outside the building.

The inspection personnel photographed the building directory, but there was no information about the company Brainstorm Market on it.

The inspection personnel entered the building's lobby and explained their purpose to the security guard. The security guard said that without an appointment, they could not go upstairs, and therefore they were not granted permission to enter.

Since they were unable to reach the target floor, the inspection personnel could not confirm whether the company's office area had obvious signage or security measures, nor could they enter the interior. Additionally, they could not photograph the front desk and its logo, and the office was not a shared office.

Through the lobby, the inspection personnel could not observe the company's internal environment, decoration style, or employee activities, so they could not determine whether the overall environment matched its claimed positioning.

Therefore, after the inspection, it was confirmed that the broker Brainstorm Market does not exist at the above address.

Conclusion

The survey team traveled to the UAE as planned to conduct an on-site visit to forex broker Brainstorm Market. At the publicly displayed business address, they did not see the broker's company name or other information, indicating that the broker does not have a genuine business location. Investors should make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and do not serve as the basis for final selection.