Purpose

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

Process

The on-site survey team went to the UAE as planned to visit forex broker HonorFX in person. According to public information, its office address is (Representative Office) API Tower Office No - 1604, 16th Floor Shk Zayed Road, Dubai Outside Exit 2 of Trade Centre Metro Station Dubai, United Arab Emirates.

A professional and experienced on-site inspection team, with a sense of mission to strictly screen for investors, went to the United Arab Emirates according to a meticulous plan. They conducted a field verification of the broker HonorFX claiming to be located at the above address.

The surveyor arrived at API Tower without incident. Located in downtown Dubai, the building stands close to the World Trade Centre Metro Station. Surrounded by ultra‑luxury office buildings, it boasts a prime location within a bustling area with a vibrant commercial atmosphere. However, the company name and relevant information of HonorFX were visible on the building directory board.

The surveyor entered the ground floor of the building, stated the purpose of the visit to security personnel, and was granted access. HonorFX's details were clearly displayed on the in‑building directory.

After taking the elevator to the 16th floor, the surveyor located HonorFX's office without difficulty. HonorFX's corporate name and logo were clearly visible at the elevator lobby on Floor 16. Nearly the entire floor was occupied by HonorFX's office premises.

The onsite workspace featured private office facilities instead of co‑working arrangements. The office adopted a modern fit‑out style with neat and well‑organised premises showing signs of recent renovation, presenting a professional corporate working environment.

Normal business operations were observed within the office area, reflecting steady day‑to‑day working routines.

Accordingly, the on‑site inspection confirms that broker HonorFX is present at the above‑mentioned address.

Conclusion

The survey team conducted a scheduled on‑site visit to forex broker HonorFX in the United Arab Emirates. Although the broker's corporate name and other particulars could be found at its publicly‑listed business address, this indicates that the broker does not maintain a genuine physical business premise. Investors are advised to make decisions after comprehensive consideration.

Disclaimer

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