Purpose

The UAE foreign exchange market is an emerging international forex trading market that has developed rapidly over the past two decades. Leveraging Dubai's geographical advantage as the Middle East's financial hub, it has attracted a large number of licensed and overseas-operating forex brokers, making it the core forex trading distribution center radiating 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 this region, the on-site inspection team traveled to Dubai, UAE for field visits.

Process

This time, the survey team went to Dubai, UAE as planned to conduct an on-site visit to forex broker Crib Markets. According to public information, its office address is 105, Al Jawhara Building, Bank street, Al Mankhool, Dubai-UAE.

The professional and experienced site inspection team, with a sense of mission to strictly vet for investors, traveled to Dubai, UAE according to meticulous planning. They conducted an on-site verification of the broker Crib Markets, which claims to be located at 105, Al Jawhara Building, Bank street, Al Mankhool, Dubai-UAE.

The relevant personnel arrived smoothly at Al Jawhara Building, which is located in the bustling core area of Dubai. It is a well-equipped luxury office building with a strong commercial atmosphere and a dense flow of business people. The exterior signage of the entire building is clear, and a full view of the building could be photographed.

No company signage or information related to Crib Markets was found outside the building.

The relevant personnel entered the first-floor lobby of the building and stated their purpose to the security guards and staff. After a simple registration and communication, they were granted permission to enter the lobby.

A complete floor directory board was set up on the first floor of the building. After checking the list of all tenants on the directory board one by one, the company name of Crib Markets was not seen at all, and there was no LOGO sign belonging to this broker inside the building.

Since the specific floor information corresponding to the company could not be found on the directory board, and no prior appointment for visiting the company had been arranged, the relevant personnel could not go to the corresponding specific floor to confirm the location. Throughout the process, they did not find the broker's office area. There was no reception desk with the company's logo, and they could not capture the reception desk or its LOGO. The premises are not a shared office.

Since it was impossible to locate the actual office location of Crib Markets throughout the process, the relevant personnel could not enter any internal space belonging to the company, and naturally could not observe the internal office environment. The overall situation is completely inconsistent with the broker's claim of having established an office at this address.

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

Conclusion

The relevant personnel visited the forex broker Crib Markets on site in Dubai, UAE, as planned, and were unable to see the company name or other information of the broker at its publicly displayed business address, indicating that the broker does not have a real business location. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and shall not be used as a basis for final decision-making.