Purpose

The UAE forex market is an emerging international forex trading market that has developed over the past two decades. Leveraging Dubai's strategic position as the Middle East's financial hub, it has brought together a large number of forex brokers serving global investors, with high market openness and notable cross-border trading activity. To help investors and practitioners gain a more comprehensive understanding of forex brokers in the region, the site inspection team traveled to the UAE for an on-the-ground visit.

Process

This issue's on-site inspection team went to the UAE as planned to visit forex broker Duttfx Markets. According to public information, its office address is Office 210, Al Nasr Plaza-COMM, OUD Metha, Dubai, UAE.

A professional and experienced on-site inspection team, with a sense of mission to strictly safeguard investors, traveled to the UAE according to a well-planned itinerary. They conducted a field verification on the broker Duttfx Markets, which claims to be located at Office 210, Al Nasr Plaza-COMM, OUD Metha, Dubai, UAE.

They arrived smoothly at the Al Nasr Plaza-COMM building, located in a small office area in Dubai. The surrounding streets are relatively busy with large daily foot traffic, and the street is lined with various shops and small service institutions. The overall business atmosphere is acceptable.

No company signage or promotional information bearing Duttfx Markets was found outside the building; only the full exterior view of the building was captured.

They entered the first-floor lobby and explained their purpose to the security guard or staff. After a simple registration, they were granted permission to enter the building.

After checking the complete building directory in the lobby, the slot for Office 210 was completely blank, with no company name listed, and no Duttfx Markets LOGO was found in any other area of the building.

Subsequent attempts to reach the target floor were hindered by floor access restrictions, making it impossible to reach the target floor and confirm the exact location. Throughout the process, no office area of the company was found, nor were there any obvious signs or security measures. Due to access restrictions, they could not enter the company's interior, so they were unable to photograph the front desk or its LOGO throughout the process. The premises is not a shared office either.

Because they could not enter the target floor or the company's interior, they were unable to observe the internal environment and could not confirm whether it matches the claimed business positioning.

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

Conclusion

As planned, the on-site inspection team went to the United Arab Emirates to visit forex broker Duttfx Markets. At its publicly displayed business address, they did not see the broker's company name or other information, indicating that the broker does not have a real business location. Investors are advised to 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.