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 active international trade environment, it occupies an important position in the Middle East and even the global forex market. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the fact-finding team went to the UAE for an on-site visit.

Process

This time, the site survey team plans to visit the forex broker Ourtrustfx in the UAE. According to public information, its office address is 1208, 12th Floor - 1208 - Business Bay - Dubai - United Arab Emirates.

A professional and experienced on-site verification team, with a sense of mission to strictly scrutinize for investors, went to the United Arab Emirates according to a meticulous plan. They conducted a field verification of the broker Ourtrustfx claiming to be located at 1208, 12th Floor - Business Bay - Dubai - United Arab Emirates.

However, due to an incomplete address, the verification personnel could not find the corresponding building and could not confirm the company's location. They conducted a thorough search and inquiry in the target area but obtained no valid information related to the broker. They neither found any company signage or related information on the exterior of the building nor located the building corresponding to the address. Since they could not even find the building, they naturally could not enter the building, let alone inform the security or staff of their purpose, register, or communicate. Consequently, they could not reach the target floor to check the office area signage, security measures, etc., nor could they enter the interior, take photos of the front desk or its logo, and there was no shared office situation. Since they did not enter the relevant premises at all, they could not observe the company's internal environment or other conditions.

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

Conclusion

The on-site inspectors traveled to the UAE as planned to visit forex broker Ourtrustfx in person. At its publicly displayed business address, they could not find the broker's company name or any other information, indicating that the broker does not have a real business location. Investors should make an informed decision after comprehensive consideration.

Disclaimer

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