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 well-developed infrastructure, it has gradually become an important forex trading center in the Middle East. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the on-site inspection team visited the UAE for a field visit.

Process

This time, the on-site inspection team traveled to the UAE as planned to physically visit the forex broker DME. According to public information, its office address is Level 4, Building 10, Gate Village, DIFC, PO Box 66500, Dubai, UAE.

Professional and experienced inspection personnel, with a sense of mission to strictly vet for investors, traveled to the UAE according to meticulous planning. They conducted an on-site verification of the broker DME claiming to be located at Level 4, Building 10, Gate Village, DIFC, PO Box 66500, Dubai, UAE.

The inspection personnel arrived smoothly at the target building, which is a super-luxury office building located in downtown Dubai. The surrounding environment was bustling with a strong commercial atmosphere. However, no signage or relevant information about the company was found outside the building.

The inspection personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained entry permission. They attempted to search for the company's information on the building's directory machine, but the corresponding company was not found.

Due to the building's strict security and the lack of an advance appointment, the inspection personnel could not reach the target floor to confirm the specific location of DME, nor could they enter the company's interior. Naturally, they were also unable to photograph the front desk and its LOGO. This office is not a shared office.

Even through the glass door, they could not observe the company's internal environment because they were not allowed to get close at all. The overall situation does not match its claimed positioning.

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

Conclusion

The surveyor went to the UAE as planned to conduct an on-site inspection of the forex broker DME. At its publicly displayed business address, the company name and other information were not visible, 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 do not serve as a basis for final selection.