Purpose

The UAE foreign exchange market is a newly developed emerging forex market in recent years. With its superior geographical location, open financial policies, and developed economic system, it occupies an important position in the Middle East and even the global forex market. In order to help investors or practitioners better understand the forex brokers in this region, the on-site inspection team went to the UAE for a field visit.

Process

This time, the on-site survey team traveled to the UAE as planned to visit forex broker Prometheusam, and according to public information, its office address is Central One District, C1 Building, Level 1, Dubai World Trade Center, Dubai.

The professional and experienced inspection team, with a sense of mission to strictly examine for investors, traveled to the United Arab Emirates according to a meticulous plan. They conducted an on-site verification of the broker Prometheusam, which claims to be located at Central One District, C1 Building, Level 1, Dubai World Trade Center, Dubai.

The inspection personnel arrived at the super-luxury office area of the landmark location in downtown Dubai. The entire area has many office buildings. However, after reaching the corresponding building area, they could not find the building written in the address, and could not confirm the company's location. The surrounding environment is bustling with a strong commercial atmosphere, but no company signage or related information was found outside the building.

Because the corresponding building could not be found, the inspection personnel were unable to enter the lobby, and thus could not state their purpose to security or staff and obtain entry permission. Naturally, they could not reach the target floor, nor determine whether the office area of Prometheusam had any obvious signage or security measures. Since they could not reach the target location at all, the inspection personnel could not enter the interior, could not take photos of the front desk and its LOGO, and the office location is not a shared office.

Through the surrounding environment, the inspection personnel could not observe the company's internal environment, decoration style, employee activities, etc. Therefore, after the inspection, it was confirmed that the broker Prometheusam does not exist at the above address.

Conclusion

Inspectors went to the UAE as planned to conduct an on-site visit to forex broker Prometheusam. At the publicly displayed business address, they did not see the broker's company name or other information, indicating that the broker does not have a real business premise. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

The above content and views are for reference only and do not constitute the basis for final selection.