Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years, attracting the attention of many international financial institutions and investors due to its advantageous geographical location, open economic policies, and advanced financial infrastructure. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the on-site inspection team visited the UAE for a field visit.

Process

The on-site inspection team went to the UAE as planned to visit forex broker Richwill Japan in person. According to public information, its office address is AI Saqr Business Tower 30th Floor Sheik Zayed Road PO Box 73244 Dubai, UAE.

A professional and experienced on-site inspection team, driven by a mission to strictly vet for investors, traveled to the UAE following meticulous planning, to conduct an on-site verification of the broker Richwill Japan, which claims to be located at AI Saqr Business Tower 30th Floor Sheik Zayed Road PO Box 73244 Dubai, UAE.

The inspection team successfully arrived at AI Saqr Business Tower, an ultra-luxury office building located in the heart of Dubai. The surrounding area has a strong commercial atmosphere and a bustling environment. However, no company sign or relevant information of Richwill Japan was found on the outside of the building.

The inspectors entered the lobby of the building, explained their purpose to the security guard, and after a simple registration, obtained permission to enter the building. Inside the office building, there was a directory board displaying information on all the companies. After a careful check, no relevant information about Richwill Japan was found.

Since the directory board did not contain the company's information, the inspectors could not confirm its specific floor location and therefore could not reach the target floor. Naturally, the inspectors could not enter the company, nor could they photograph the front desk or the front desk LOGO, and the office is not a shared office.

Through the lobby, the inspectors were unable to observe the internal office environment of the company, nor could they determine whether the overall situation matched its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that the broker Richwill Japan does not exist at the above address.

Conclusion

The surveyor went to the UAE as planned to visit forex broker Richwill Japan in person. At its publicly displayed business address, the broker's company name and other information could not be seen, indicating that the broker does not have a real business premises. Please make your choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and do not constitute a final selection basis.