Purpose

The UAE foreign exchange market is a core offshore forex trading hub in the Middle East that has developed gradually over the past two decades. Leveraging the policy advantages of the Dubai International Financial Centre (DIFC), it has gathered a large number of licensed financial trading firms from around the world and serves as an important link connecting forex businesses across Europe, Asia, and Africa. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, this visiting team traveled to the UAE for an on-site inspection.

Process

This visit team went to the UAE as planned to conduct an on-site visit to forex broker ZDQ capital. According to public information, its office address is Tenancy 903, Level 9, Liberty House, DIFC, PO Box 506540, Dubai, UAE.

A professional and experienced inspection team, with the mission of strictly scrutinizing on behalf of investors, traveled to the United Arab Emirates according to a meticulous plan to conduct an on-site verification of the broker ZDQ capital claiming to be located at Tenancy 903, Level 9, Liberty House, DIFC, PO Box 506540, Dubai, UAE.

The inspectors arrived smoothly at the Liberty House building, which is located in the ultra-luxury office building cluster area in downtown Dubai, surrounded by the DIFC core financial and business district. The overall environment is upscale and clean, with a strong commercial atmosphere. No company signage or promotional information related to ZDQ capital was found outside the building.

The inspectors entered the ground-floor lobby of the building and stated their purpose to the security guard and front desk staff. After brief communication and registration, they successfully obtained permission to enter the lobby.

When the inspectors wanted to go to the target floor, the 9th floor, they found that the building's security management was very strict. All visitors going to the office floors were required to make an advance appointment with the corresponding company for visit registration. Without an advance appointment, they could not obtain permission to go upstairs. Therefore, they were unable to reach the 9th floor to confirm the specific location, and did not find the office area of ZDQ capital either. Throughout the entire process, no obvious signage of the company was found, and there was no shared office situation. They were completely unable to photograph the company's front desk and the front desk LOGO.

Since they could not go upstairs, and there was no reservation information for the corresponding company, and the front desk also did not provide further information about ZDQ capital. It was completely impossible to observe the company's internal environment or judge whether it conforms to its claimed business positioning. No complete company directory was set up in the entire office building, and no LOGO signs related to ZDQ capital appeared inside or outside the building.

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

Conclusion

The visiting team went to the UAE as planned to conduct an on-site visit to the forex broker ZDQ capital. At its publicly displayed business address, the company's name and other information could not be seen, indicating that the broker does not have a real place of business. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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