Purpose

The UAE forex market is an emerging internationalized foreign exchange trading market developed over the past two decades. Leveraging Dubai's strategic advantage as the financial hub of the Middle East, it has attracted a large number of forex brokers from around the world, making it an important trading node connecting foreign exchange flows across Europe, Asia, and Africa. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, we traveled to the UAE for an on-site visit.

Process

This time, the on-site inspection team traveled to the UAE as planned to conduct a field visit to forex broker BASE 2 GROWCOIN. According to public information, its office address is 1003/1004 business center, dubai, united arab emirate.

The professional and experienced site inspection team, driven by a sense of mission to strictly safeguard investors, traveled to the United Arab Emirates following a well-organized plan. Based on the above information, they conducted an on-site visit to broker BASE 2 GROWCOIN.

During this visit, we found that the publicly provided address information has obvious deficiencies. The address is incomplete, only indicating 1003/1004 business center, without specifying the exact street, full building name, or other key location details. It was impossible to locate the corresponding specific area, and the actual location corresponding to this address could not be found anywhere throughout the entire process, making it even more impossible to confirm the specific location of BASE 2 GROWCOIN's company.

As the target area could never be located, the corresponding target building was not found throughout the process. There was no observable surrounding environment or business atmosphere information, and no company signage or related information pertaining to BASE 2 GROWCOIN was found outside any relevant building, nor were there any conditions for taking a panoramic photo of the building.

Since even the target building could not be found, there was no way to enter any relevant building lobby. We could not state our purpose to security guards or staff, and no registration or communication process existed. Naturally, there was no possibility of obtaining entry permission.

We were unable to reach any target floor, and there were no conditions to confirm a specific location. No office area of BASE 2 GROWCOIN was found, there were no visible signs or security measures, and no possibility of entering the interior. Neither the front desk nor its LOGO could be photographed, and the venue was not a shared office.

Since the corresponding physical location was nowhere to be found, there was no opportunity to observe the company's internal environment through glass doors or the front desk area, and it was utterly impossible to verify whether the office premises claimed by the broker match its publicly disclosed operational positioning.

Therefore, after the site inspection, it was confirmed that broker BASE 2 GROWCOIN does not exist at the above publicly disclosed address.

Conclusion

The site inspection team went to the UAE as planned to visit forex broker BASE 2 GROWCOIN in person. At its publicly displayed business address, they could not see any relevant information such as the broker's company name at all, indicating that the broker does not have a real business location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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