Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. With its superior 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 traveled to the UAE for field visits.

Process

This time, the inspection team went to the UAE as planned to conduct an on-site visit to forex broker SKY CAPITAL MARKETS LIMITED. According to public information, its office address is The Binary By Omniyat, Floor No 2, Office No. 204 – Business Bay – Dubai – United Arab Emirates.

The professional and experienced site inspection team, driven by the mission to strictly safeguard investors' interests, traveled to the United Arab Emirates according to a well-planned schedule. They conducted an on-site inspection of broker SKY CAPITAL MARKETS LIMITED, which claims to be located at The Binary By Omniyat, Floor No 2, Office No. 204 – Business Bay – Dubai – United Arab Emirates.

The site inspectors arrived smoothly at The Binary By Omniyat building, which is located in the core area of downtown Dubai, with a strong commercial atmosphere and a bustling environment. However, no company signboard or related information of SKY CAPITAL MARKETS LIMITED was found outside the building.

The site inspectors entered the first-floor lobby of the building, stated their purpose to the security guard, and were granted entry.

However, no complete company signboard information was visible on the first floor.

The site inspectors stated their purpose to the security guard, registered, and were granted entry. After reaching the target floor, the second floor, they found that the office area of SKY CAPITAL MARKETS had clear signage. However, since the door was closed, they could not enter the office and could not photograph the front desk or its logo. This office is not a shared office.

Through the door, the site inspectors could not observe the company's internal environment because entry was not permitted. Therefore, it was impossible to determine whether the overall environment conforms to its claimed positioning.

Therefore, the on‑site inspection confirms that broker SKY CAPITAL MARKETS LIMITED is present at the above‑mentioned address.

Conclusion

The surveyor carried out a scheduled on‑site visit to forex broker SKY CAPITAL MARKETS LIMITED in the United Arab Emirates. The broker's corporate name and other relevant information were found at its publicly‑disclosed business address, which verifies that the broker maintains a genuine physical business premise. Investors are advised to make decisions after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and do not serve as the basis for final decisions.