Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. With its advantageous geographical location, open financial policies, and developed business environment, it has attracted the attention of many international financial institutions and investors. To help investors or practitioners gain a more comprehensive understanding of forex dealers in this region, the survey team conducted an on-site visit to the UAE.

Process

This time, the field investigation team went to the UAE as planned to conduct an on-site visit to the forex broker Brillant Capital Markets. According to public information, its office address is 107,1st Floor MetroPolis Tower Business Bay -Dubai -UAE.

A professional and experienced on-site inspection team, with a sense of mission to strictly vet for investors, went to the UAE according to a well-planned itinerary. Based on the above information, they conducted an on-site visit to broker Brillant Capital Markets.

The on-site inspectors went to the target area based on the address information and conducted an on-site verification of broker Brillant Capital Markets, which claims to be located at 107,1st Floor MetroPolis Tower Business Bay -Dubai -UAE.

The on-site inspectors successfully arrived at MetroPolis Tower. This building is an ultra-luxury office building in the center of Dubai, located in the commercial area of Dubai, with a bustling surrounding environment and a strong commercial atmosphere. However, no signage or relevant information about the company was found outside the building.

The on-site inspectors entered the lobby on the first floor of the building, stated their purpose to the security guard, and obtained permission to enter.

After arriving at the target floor, the inspectors found that office 107 was an empty office with no LOGO information, no obvious signage, or security measures. Because the office was empty, the inspectors could not enter, nor could they photograph the front desk or its LOGO, and the office was not a shared office.

Through the glass door, the inspectors saw that the office was completely empty, with no signs of employee activity, and the overall situation did not match its claimed positioning.

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

Conclusion

The inspection team went to the UAE as planned to visit forex broker Brillant Capital Markets. However, 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 genuine business premises. 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 decisions.