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 economic system, it has attracted the participation of many international financial institutions and investors. In order to help investors or practitioners gain a more comprehensive understanding of the forex brokers in the region, the inspection team went to the UAE for an on-site visit.

Process

This session's site inspection team went to the UAE as planned to conduct an on-site visit to forex broker IVT Markets. According to public information, its office address is 104 Binary Tower, Business Bay, Dubai.

A professional and experienced site visit team, with a sense of mission to strictly check for investors, went to the UAE according to a thorough plan. They conducted an on-site verification of the broker IVT Markets claiming to be located at 104 Binary Tower, Business Bay, Dubai.

The site visit personnel arrived at Binary Tower, which is located in downtown Dubai, a luxurious office building. The surrounding environment is bustling with a strong commercial atmosphere. The building's exterior design is modern and imposing, and the office decoration is very good. However, no company logo or related information of IVT Markets was found outside the building.

The site visit personnel entered the first floor of the building and obtained permission after explaining their intention to the security guard. On the first floor, they did not see the signage of all companies.

Since they could not obtain more information about IVT Markets on the first floor, the site visit personnel went to the target floor. However, upon reaching the corresponding floor, they found that the corresponding office was not IVT Markets, but another company. The site visit personnel could not find the office area of IVT Markets on that floor, no obvious signage was found, and because they were not employees of that company, they could not enter the interior. At the same time, they could not take photos of the front desk and its logo, and the office was not a shared office.

Through the public area of the floor, the site visit personnel could not observe the internal environment of IVT Markets's company. The overall situation does not match its claim of operating at that address.

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

Conclusion

The survey personnel went to the UAE as planned to visit forex broker IVT Markets on site. At its publicly displayed business address, they could not see the broker's company name or other information, indicating that the broker does not have a real business location. Investors should make their decision after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and shall not be used as the basis for final selection.