Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. Leveraging its advantageous geographical location, open financial policies, and vibrant economic environment, it has attracted numerous forex brokers to operate here. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the team conducted an on-site visit to the UAE.

Process

This time, the team went to the UAE as planned for an on-site visit of the forex broker FXXPRESS, and according to public information, its office address is “suite 705 - 706 aspect tower business bay. dubai uae”.

A professional and experienced team, with a sense of mission to strictly vet for investors, went to the UAE according to a meticulous plan. They conducted an on-site verification of the broker FXXPRESS claiming to be located at 'suite 705 - 706 aspect tower business bay. dubai uae'.

The team arrived smoothly at Aspect Tower, which is located in the center of Dubai. It is a luxurious office building with a bustling surrounding environment and a strong business atmosphere. No company signage or relevant information of FXXPRESS was found outside the building.

The team entered the building lobby and explained their purpose to the security guard. After communication, they obtained permission to enter. All company information could be seen on the directory board in the lobby, but the corresponding company was not FXXPRESS. Since they did not have an appointment, the team could not go upstairs to the target floor.

The team was unable to reach the target floor, thus unable to find the office area of FXXPRESS, could not enter the interior, and could not photograph the front desk and its logo. The office is not a shared office.

Since they could not enter the company's interior, they were unable to observe the internal environment, decoration style, and employee activities.

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

Conclusion

The team visited the forex dealer FXXPRESS in the UAE as planned, but did not see the dealer's company name or other information at its publicly displayed business address, indicating that the dealer does not have a real business premises. Investors are advised to consider comprehensively before making a decision.

Disclaimer

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