Purpose

The UAE foreign exchange market is an emerging forex market developed in recent years. With its superior geographical location, open financial policies, and 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 dealers in the region, the on-site survey team traveled to the UAE for field visits.

Process

This time, the fact-finding team went to the UAE as planned to visit the forex broker Menacorp. According to public information, its office address is Mohammed Bin Rashid Boulevard Downtown Dubai, P.O. BOX 126545 Dubai, United Arab Emirates.

A professional and experienced site visit team, with a sense of mission to strictly screen for investors, went to the United Arab Emirates according to a well-planned schedule. Based on the above information, they conducted an onsite visit to broker Menacorp.

The site visitors went to the target area based on the address information and found that the address corresponds to Dubai Mall, a landmark in Dubai. However, no trace of broker Menacorp was found in this area.

Dubai Mall is surrounded by a bustling environment and a strong commercial atmosphere, and is a large commercial center integrating shopping, dining, and entertainment. However, no company logo or related information of Menacorp was found outside the building.

As the specific location of the company could not be determined, the site visitors were unable to enter the building.

Neither the company's nameplate was seen inside the building, nor was there any company logo inside or outside the building.

Since the specific floor could not be reached, the exact location could not be confirmed, and entry into the company was not possible.

Therefore, there was no possibility of photographing the front desk or its logo, and the office was not a shared office. Since the company could not be entered, the internal office environment could not be observed.

Therefore, after the site visit, it was confirmed that broker Menacorp does not exist at the above address.

Conclusion

The on-site investigator went to the UAE as planned to inspect the foreign exchange broker Menacorp. At its publicly displayed business address, the company name and other information of the broker could not be seen, indicating that the broker does not have a real business premises. Please make your choice after comprehensive consideration.

Disclaimer

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