Purpose

The UAE forex market is an emerging regional forex trading market that has developed rapidly over the past two decades. Leveraging Dubai's geographical advantage as the financial hub of the Middle East, it has attracted a large number of forex brokers serving the global market, especially the Middle East and North Africa regions. The market is highly open with strong cross-border trading activity. To help investors and practitioners gain a more comprehensive understanding of forex brokers in this region, we conducted an on-site visit to the UAE.

Process

This visit is scheduled to travel to the UAE for an on-site visit of the forex broker Trusted FX Live. According to public information, its office address is 283507 Marasi Dr - Business Bay - Dubai.

A professional and experienced inspection team, with a sense of mission to strictly vet on behalf of investors, traveled to the United Arab Emirates according to a meticulous plan to conduct an on-the-ground verification of the broker Trusted FX Live claimed to be located at 283507 Marasi Dr - Business Bay - Dubai.

We repeatedly compared house numbers and road signs in the target area. Throughout the process, we could not find the specific building corresponding to the address. There was no building matching the address number nearby, nor any signage or promotional information related to Trusted FX Live. It was completely impossible to locate the office claimed by the broker.

Since we could not even confirm the target building, we had no opportunity to enter any relevant building lobby. Throughout the process, we did not come into contact with any building security or staff, and there was no registration or communication process, so naturally we could not obtain entry permission.

We were never able to reach the claimed target floor, so we could not confirm the specific office location touted by the broker. Throughout the process, we found no office area signage for Trusted FX Live at all, and there was no security-related inspection scenario. Apart from not having made an appointment, the core obstacle was that the corresponding address could not be found at all, making it impossible to enter any office space belonging to the broker. Throughout the process, we had no opportunity to photograph the front desk or its logo, and this location is definitely not a shared office.

Because we could not even find the corresponding office building, we had no way to observe the company's internal environment through glass doors or the reception area, and we could not confirm whether its office environment matched the claimed positioning.

Therefore, after the inspection, it was confirmed that the broker Trusted FX Live does not exist at the publicly listed address above.

Conclusion

We went to the UAE as planned to conduct an on-site visit to forex dealer Trusted FX Live. At its publicly displayed business address, we could not see any relevant information such as the dealer's company name at all, indicating that the dealer does not have a real place of business. Please make your choice after comprehensive consideration.

Disclaimer

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