Purpose

The UAE foreign exchange market is an emerging forex market developed in recent years. With its advantageous geographical location, open financial policies, and developed economic system, it has attracted the attention of numerous international financial institutions and investors. 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 field visits.

Process

This time, the site inspection team traveled to the UAE as planned to visit forex dealer PM Financials. According to public information, its office address is 705 & 706, Aspect Tower (Zone - B), Business Bay, Dubai UAE.

A professional and experienced on-site inspection team, with a sense of mission to safeguard investors, traveled to the United Arab Emirates according to a meticulous plan. They conducted an on-site verification of the broker PM Financials claimed to be located at 705 & 706, Aspect Tower (Zone - B), Business Bay, Dubai, UAE.

The inspectors arrived at Aspect Tower smoothly. The building, located in the heart of Dubai, is a luxurious office building surrounded by a bustling environment and a strong business atmosphere. The exterior of the building is magnificent, exuding a high-end business vibe. However, no company signage or relevant information of PM Financials was found outside the building.

The inspectors entered the lobby of the building and explained their purpose to the security guard. After communication, they were granted permission to enter the lobby. The lobby is luxuriously decorated, well-equipped, and frequented by many business people.

The directory board in the lobby displayed information of all the tenants, but the company listed at the corresponding address was not PM Financials. Without an appointment, the inspectors were not granted permission to go to the target floor (7th floor) and could not reach the specific floor to confirm the exact location.

Because they could not enter the company, they were unable to take photos of the reception desk or its logo, and it was not a shared office either. From the lobby, they could not observe the internal office environment.

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

Conclusion

The field inspectors went to the UAE as planned to conduct an on-site visit to forex broker PM Financials. At its publicly displayed business address, the broker's company name and other information could not be found, indicating that the broker does not have a real place of business. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

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