Purpose

The UAE forex market is a regional core foreign exchange trading market that has gradually developed over the past two decades. Relying on Dubai's geographical advantages as a financial hub in the Middle East, it has brought together a large number of forex dealers from around the world, covering financial service needs across West Asia, North Africa, and other regions. The market is highly open and the industry is extremely active. To help investors or practitioners better understand the forex dealers in this region, our on-site inspection team traveled to the UAE for field visits.

Process

This time, the field inspection team traveled to the United Arab Emirates as planned to conduct an on-site visit to forex broker HCH. According to public information, its office address is Baniyas Rd, Deira, Al Sabkha Business Tower, Dubai, United Arab Emirates.

A professional and experienced site inspection team, driven by a mission to strictly protect investors, followed a carefully planned itinerary and went to the United Arab Emirates. They conducted an on-site inspection of the broker HCH, which claims to be located at Baniyas Rd, Deira, Al Sabkha Business Tower, Dubai, United Arab Emirates.

The team arrived smoothly at Al Sabkha Business Tower. This location is in the heart of Dubai's old city and is a luxury office building with a strong commercial atmosphere and very busy street traffic.The team photographed and documented the building's panoramic view. Throughout the exterior of the building, no signage or promotional information related to the broker HCH was found.

The team entered the ground-floor lobby of the building. After stating their purpose to the lobby security guard and completing a simple registration, they successfully obtained permission to enter the lobby. However, there was no complete floor directory board in the lobby, and the floor information for all tenant companies was not indicated at all. As a result, it was completely impossible to confirm the specific floor of the broker HCH, and naturally there was also no way to go to the corresponding floor to verify its specific location.

Because the floor corresponding to the target company could not be found at all, the team had no opportunity to reach the target floor. Throughout the process, no signage related to HCH's office area was found, and there was no security to contact. The team was completely unable to enter the company's interior and had no opportunity to photograph the company's front desk or the front desk logo. This location is also not a shared office.

Since the specific floor could not be confirmed and the corresponding area could not be accessed, the team had no way to observe the internal environment of HCH, nor could they reference any relevant employee activity information. The overall situation is completely inconsistent with the business positioning publicly claimed by the broker.

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

Conclusion

The field inspectors went to the UAE as planned to conduct on-site visits to forex broker HCH, but at its publicly displayed business address, they could not see the broker's company name or other information, indicating that the broker does not have a real business premises. Investors are advised to make their decision after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the basis for final selection.