Purpose

The foreign exchange market in Dubai, UAE, is an international offshore financial and foreign exchange market that has developed rapidly over the past two decades. Leveraging the policy dividends and geographical advantages of the Dubai International Financial Centre (DIFC), it brings together a large number of licensed financial institutions and forex brokers from around the world. It is the most core foreign exchange trading hub in the Middle East, with a mature market regulatory system and an extremely high degree of freedom for cross-border capital flows. In order to help investors gain a more comprehensive and clearer understanding of the actual office and operating conditions of forex brokers in this region, the survey team went to Dubai, UAE, to conduct an on-site visit.

Process

This time the on-site inspection team traveled to the UAE as planned to conduct an on-site visit to forex broker Integra Asset Management. According to public information, its office address is Unit OT 26-37, Level 24, Central Park Offices, DIFC, PO Box 507154, Dubai, UAE.

A professional and experienced on-site inspection team, driven by the mission of rigorously scrutinizing on behalf of investors, traveled to the DIFC area of Dubai, UAE according to a meticulous plan. They conducted an on-site verification of the broker Integra Asset Management, which claims to be located at Unit OT 26-37, Level 24, Central Park Offices, DIFC, PO Box 507154, Dubai, UAE.

The team arrived smoothly at the Central Park Offices building, located in the core financial cluster of downtown Dubai. The surrounding area consists entirely of high-end business office buildings and financial institution branches, with a clean, luxurious environment and a strong commercial atmosphere. This is an ultra-luxury office building in downtown Dubai. During this inspection, a full panoramic view of the building was photographed and recorded. No company signage or LOGO information related to Integra Asset Management was found outside the building.

Enter the first-floor lobby of the building, state the purpose of your visit to the security staff, and after completing visitor information registration, successfully obtain permission to enter the lobby.
In the lobby, it can be seen that the office building is equipped with complete floor company directory boards. After checking the names of the tenant institutions marked on the directory boards one by one, it was found that the company marked in the corresponding area on the 24th floor is not Integra Asset Management. The building has very comprehensive security measures, and without an advance appointment, permission to go upstairs cannot be obtained, making it impossible to reach the specific location on the 24th floor for further verification. Throughout the entire process, it was not possible to enter the broker's internal office area or to photograph the front desk and its LOGO, and this venue is not a shared office.

Since it was not possible to go upstairs, only in the lobby area could it be observed that the building's interior decoration is luxurious and orderly, with an all-glass curtain wall paired with high-end business soft furnishings, and the overall positioning meets the standards of a top ultra-luxury office building. However, the internal environment of the office area corresponding to Integra Asset Management could not be observed at all, nor were there any traces of related employee activity.
Therefore, after on-site inspection, it is confirmed that the broker Integra Asset Management does not exist at the above-mentioned publicly marked address.

Conclusion

The on-site inspectors traveled to the UAE as planned to visit forex broker Integra Asset Management in person, but did not see the company name or related information of the broker at its publicly displayed business address, indicating that the broker does not have a real place of business. Investors should make careful decisions after comprehensive consideration.

Disclaimer

The above content and views are for reference only and do not serve as the basis for any final decision.